Sanborn Studios ends its lease

SARASOTA -- Sanborn Studio terminated the lease agreement on its main studio building in Lakewood Ranch this week.

Sanborn arrived in Sarasota in fall 2010 with lots of buzz -- and as the recipient of $650,000 in up-front incentive money.

In June of that year, rumors of a new movie studio coming to the area began circulating; county officials refused to identify the potential entrant by name, referring to the company only by its codename, “Project Waterboy.”