The Anatomy Of A Deal

The Palm Beach Post exposes how one of the biggest deals in Florida since Disney evolved.

1 minute read

June 28, 2004, 9:00 AM PDT

"From that secrecy-shrouded beginning, a 21-day frenzy ensued. Baiting their line with more than $500 million in public subsidies, Florida and Palm Beach County landed the most promising corporate fish in the state since Walt Disney World...

Scripps had an annual operating budget of $280 million and a board of scientific governors that included 11 Nobel laureates a meld of money and brainpower believed sufficient for the nonprofit to attract major for-profit biotech companies to the Florida research park it would anchor.Scripps had an annual operating budget of $280 million and a board of scientific governors that included 11 Nobel laureates a meld of money and brainpower believed sufficient for the nonprofit to attract major for-profit biotech companies to the Florida research park it would anchor... Beyond the anticipated boosts to the economy and medical science, Scripps' handling sets a precedent for speedy stealth deal-making in projects of major public concern."

A series of aerial photos and a proposed site sketch are also available.

Thanks to Chris Steins

FULL STORY: How the deal was done

Sunday, June 27, 2004 in Palm Beach Post

Community / Economic Development Florida

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