August 31st, 2012

Orange board debates how to share naming-rights money

By Lauren Roth
Orlando Sentinel

Calling the Lake Nona High School stadium “Nemours Stadium” for five years will give the high school at least enough money to pay for a teacher for one year.

While the exact dollar amount is still up in the air, the school district’s new contract with Nemours Children’s Hospital sets a precedent for other schools to make money through naming stadiums and performing arts areas. The name change went into effect at the beginning of August and will last through July 31, 2017.

Nemours is opening a hospital in the Lake Nona zone in October.

The naming agreement is set to bring in $108,000 to Orange County Public Schools. The board discussed Thursday the possibility of giving the school 60 percent of the money to put in its general account, while the remaining 40 percent would go to the district’s Athletic Preservation Fund. That fund has been used in the past to pay for athletic trainers, but the board plans to set specific guidelines for the fund’s use in the future.

Read more: http://www.sun-sentinel.com/news/local/breakingnews/os-orange-stadium-naming-money-20120830,0,3605492.story

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