Florida Atlantic University's football stadium will have a new name this fall as the naming rights to their 30,000 seat on-campus facility were bought by The GEO Group, a private correctional facilities management corporation.
The deal is believed to be valued at around $5 million, though the terms of the contract is not yet known, according to FAUOwlaccess.com. The Owls went 2-3 at home last season and 3-9 overall.
The GEO Group is a leader in privatizing correctional facilities. Its CEO, George Zoley, holds bachelor's and master's degrees from FAU. He has served as a member of FAU's Board of Trustees and was at one point the Board's chairman.
Over the past couple of years, the GEO Group has had numerous lawsuits and have paid out millions of dollars in fines and penalties. The company once operated the Walnut Grove Youth Correctional Facility in Mississippi and the U.S. Department of Justice investigated the facility and concluded that "due to the unconstitutional operation of WGYCF, youth were sexually preyed upon by staff and all too frequently suffered grievous harm, including death."