Prison group breaks off stadium-name deal with Fla. college

04/2/2013 | Bloomberg Businessweek

The for-profit prison company GEO Group has withdrawn a $6 million gift it had given Florida Atlantic University in exchange for naming rights to the school's football stadium. "[GEO and Florida Atlantic] both got a lot of negative reactions, including a campus protest on Monday," writes Ira Boudway. GEO Group Chairman and CEO George Zoley wrote, "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 on-going controversy and considerable distraction to both of our organizations."

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