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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 the board the plan under discussion would ensure every school in the district received some share of proceeds and described several distribution formulas.
Board members raised questions about valuation and community response. Board member Kalser asked why an earlier valuation estimate of about $140,000 had decreased to roughly $60,000; staff said comparative-market factors and the pool of local bidders contributed to the lower final price. Cowles also said discussions with the Martin County Parent Teachers Association and athletic directors found support for a distribution option that benefits all school sites.
After questions and brief debate, Board member Powers moved to approve the naming-rights agreement using "option B." The motion was seconded, and the chair called the vote. "All those in favor? Aye," the chair said; "All those opposed" were not recorded as opposed. The motion carried, and the board approved the naming-rights agreement under option B.
Board members and staff discussed that future naming-rights transactions would return to the board for approval and that some deals could retain a larger district portion if the board decided funds were needed for a specific capital project. Cowles estimated that under the chosen formula, elementary-school shares could be small (he described one option as yielding "just under a thousand dollars" per elementary site), while the high school would retain the largest share.
No numerical roll-call vote was recorded in the meeting minutes provided; the meeting transcript records the action as carried following the voice vote.
