By BOB FERRANTE
There was an escape from Owlcatraz after all.
GEO Group chairman and CEO George Zoley, a Florida Atlantic alumni, announced Monday evening that he would pull back on the controversial $6 million naming-rights deal for the
’ football stadium.
FAU’s deal with GEO Group also was criticized in the national media and, memorably, by Stephen Colbert on Comedy Central's "The Colbert Report."
“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,” Zoley said in a news release. “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 original pledge of $6 million over 12 years was accepted in mid-February and approved by the school’s Board of Trustees.