Report: FAU stadium name rights bought by private prison group

Wednesday February 20th, 2013

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.
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