Profit-sharing at a nonprofit? Fair’s bonus payouts, $25k signing bonus raise red flags

After Red Tape Florida first reported about the now-infamous $28,000 retirement watch, fallout was swift, with local and state officials demanding an investigation. Now, a new revelation: The incoming executive director of the Fair — who has defended the board’s decision to buy the luxury watch for her predecessor — herself received a $25,000 cash signing bonus upon being hired.[…]

Building a MagLab ecosystem: Is it FSU’s job or a wide array of stakeholders? 

Florida State University secured the bid and has drawn world-class researchers to the MagLab. It has kept the MagLab operational, but without the lavish upgrades seen elsewhere on campus (Doak Campbell Stadium, student union, etc.). The successes at the MagLab have primarily been the product of the scientists and researchers doing the actual work.  […]

What could have been built around the MagLab (and what still could be) 

In August 1990, the National Science Foundation awarded the National High Magnetic Field Laboratory to FSU — a decision that surprised many, including MIT, which had operated the Francis Bitter National Magnet Laboratory for 30 years. The original promise was vivid: a world-class scientific facility anchoring Florida’s capital city in the emerging area of magnetics. […]

“Completely inappropriate”: Local, state leaders outraged over luxury watch gift 

Leon County Commission Chair Brian Welch blasted actions by the North Florida Fair board on Friday as “completely inappropriate and utterly confounding,” adding he will seek a review by both Leon County Government and the Blueprint Intergovernmental Agency to determine “what level of oversight we have in the management of the fairgrounds.” […]

SPECIAL REPORT: How Tallahassee failed to build an economy around the Mag Lab 

In the early 1990s, Tallahassee won what looked like a jackpot: the National High Magnetic Field Laboratory. With more than a billion dollars in federal investment, a dedication ceremony featuring Vice President Al Gore, and Gov. Bob Graham hailing it as a “lynchpin of economic development,” the MagLab was sold as Tallahassee’s ticket to a high-tech future. […]