FAU announces new name for football stadium By Rachel Leigh | February 19, 2013 at 3:00 PM EST - Updated June 30 at 2:00 PM BOCA RATON, FL (WFLX) - In a Board of Trustees meeting Tuesday, Florida Atlantic University announced a finalized deal with the GEO Group that includes naming rights for its football stadium. The GEO group operates a range of correctional and detention facilities and is headquartered in Boca Raton. For two years while the university attempted to secure the naming rights, the stadium was simply known as FAU Stadium. It will now be known as GEO Group Stadium. The deal is believed to be valued at around $5 million, OwlAccess.com reports. Copyright 2013 WFLX. All Rights Reserved.