Article: Torrey Pines has initial deal with Port St. Lucie.

Byline: Andy Reid, Scott Travis And Linda Kleindienst

Aug. 24--Palm Beach County's hope to land a second, major biotech institute suffered a serious setback Wednesday when the Torrey Pines Institute of Molecular Studies found a more willing partner in Port St. Lucie.

Less than 24 hours after a tense meeting with Palm Beach County commissioners ended without an agreement, Torrey Pines founder Richard Houghten made good on his threat to deal with someone else. Instead of planning to set up shop on 10 acres in Boca Raton, the company signed a letter of intent to take its 189 jobs north. Palm Beach County business leaders planned to keep ...

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