Stadium Deal Dead
Posted
#310170
(In Topic #42000)
Administrator
Member since 2006
BOCA RATON, Fla. (April 1, 2013) – The GEO Group Foundation has informed the FAUFoundation today that in the best long-term interest of the University, the $6 million gift from GEOGroup Foundation has been withdrawn and the stadium no longer will be named GEO GroupStadium.
“What was originally intended as a gesture of GEO’s goodwill to financially assist the University’s athletic scholarship program has surprisingly evolved into an ongoing distraction to both of our organizations,” said GEO Group Chairman and CEO George Zoley.
“We employ many FAU graduates and Boca Raton community members. We take pride in running a well-respected company and are proud of our long-term support of the University.”
The $6 million gift was meant to help advance FAU’s athletic department. The gift was a 12-year commitment with annual payments of $500,000.
"FAU alumnus and Trustee Emeritus George Zoley and his colleagues have been loyal supporters of this University,” said FAU President Mary Jane Saunders. “
We are thankful for all of the companies, organizations and individuals who give to this university to support our mission, our
pursuit of academic excellence and valuable contributions to this community.”
Source: FAU MediaRelations
Posted
Wise Owl
Member since 2007
Re: Stadium Deal Dead
Posted
Administrator
Member since 2006
Re: Stadium Deal Dead
FAUfasho said
April fools? If not, I can't say I blame FAU. We're in no shape to continue receiving bad press. I think this can be spun that we are a responsible university and have decided to walk away and start with some receiving some better press. Now, can't the CEO just privately donate like $500K? lol
Nope, not a joke.
Although ironic timing!
Posted
Member since 2012
Re: Stadium Deal Dead
Stadium Deal Dead
#FauOrDie
Posted
Administrator
Member since 2006
Re: Stadium Deal Dead
FAUOWLFAN11 said
i was kind of feeling "owlcatraz"…
Owlcatraz was and still is the coolest name of all time for a Stadium.
Shame it won't carry the same meaning, but no reason the label could not be considered regardless of the deal falling through.
Posted
VIP DONOR
Member since 2007
Re: Stadium Deal Dead
Posted
Member since 2012
Re: Stadium Deal Dead
#FauOrDie
Posted
Member since 2012
Re: Stadium Deal Dead
#FauOrDie
Posted
Wise Owl
Member since 2007
Re: Stadium Deal Dead
I'm OK with the students/alumni/faculty protesting the stadium naming rights. Lemme 'splain: The donation was a gift. (Granted, why would a private prison company need/want their name on a stadium? Would they show commercials like, "HEY! Are you going to prison? Do you have relatives from other countries that are criminals? Well if so, make sure to request a GEO Group run prison! Serving all your criminal needs! Our pillows are softer than those crummy old state-run penitentiaries!") Anyway, the fact that students/alumni/faculty cared THIS much about this money shows that their time/money/education/experience spent FAU means something to them. They care enough what they DON'T want their place of education to be known for. They obviously care about SOMETHING! Right? Now, those same students/alumni/faculty that so adamantly opposed this donation (that would have benefited them in the long run by reducing the amount of money from tuition that goes to Athletics) need to do their part by attending events, donating their time/money as alumni and supporting the University as a whole. Do your part by supporting FAU, go to the concerts/comedy shows/programs that SGA and other groups put on for students. Go to sporting events (our baseball team just swept the #24 team in the country and we're now ranked #25!) Go to alumni events. Go to class so you can graduate on time! And lastly, and most importantly, GO OWLS.
Posted
Wise Owl
Member since 2011
Re: Stadium Deal Dead
Unf***ingbelievable
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