Pan Am didn't go under, mate...but they are leaving Ft. Pierce. They're moving the whole flight training academy to Arizona...they have three flight schools and they're downsizing the Ft. Pierce campus.
They're not all leaving Florida...they will still run the SimCom in Orlando, as well as the typerating training in Miami. But now there will be less "Papa Alphas" zinging around at all hours.
And the St. Lucie Int airport is one of the bast small airports that I've ever come into. ILS 9, GPS 9, 14, & 27, NDB-A into 27, and the controllers are outstanding. Great flying and a fun one to come into...been there many times to & from the islands.
Cheers,
K