Florida Atlantic University has finally sold the naming rights to its football stadium.
FAU and the GEO Group are set to finalize a deal on Tuesday to let the company have the naming rights.
The GEO Group, which was founded by George Zoley, who received his bachelor's and master's at FAU and is a member of the Board of Trustees at the school, is one of the world's largest operators of detention centers, prisons, and correctional facilities.
FAU has been working on securing naming rights since before the Owls opened their 30,000-seat football stadium on October 15, 2011.
Now, the Board of Trustees is expected to make it official with an announcement. The deal is believed to be valued around $5 million.
The GEO Group, which is headquartered in Boca, was established in 1984 and operates correctional facilities, including maximum-, medium- and minimal-security prisons such as the South Bay Correctional Facility as well as U.S. state and federal prisons and detention centers for illegal immigrants in North America. It also operates facilities in Australia, Africa, and Europe.
Also, GEO has been investigated in the past for running sloppy facilities.
One report says federal inspectors found too few guards on duty at one particular facility. The place had broken cell locks, and there were reports of guards being stabbed, bitten, punched, and kicked by inmates, with GEO doing very little about it all.
This was just one of a plethora of complaints and investigations into the GEO Group.
So, there's that.
LET'S GO OWLS!