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Board approves Napoli stadium naming-rights deal; revenue split will send portion to all schools
Summary
The Martin County School Board approved a naming-rights agreement with a local donor for Martin County High School, choosing a revenue-distribution option that shares proceeds with middle and elementary schools.
The Martin County School Board voted Sept. 16 to approve a naming-rights agreement for Martin County High School with a local donor, choosing the option that distributes revenue across district schools.
Mark Cowles, coordinator of executive initiatives, briefed the board on options the district considered for dividing proceeds from a naming-rights sale. Cowles said district staff had prepared options that ranged from the district retaining 0% to the district retaining a portion of proceeds for future facility needs. He told…
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