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Scripps - s THE PALM BEACH POST FRIDAY, APRIL 1. 2005 3B...
s THE PALM BEACH POST FRIDAY, APRIL 1. 2005 3B Scripps extends deadline to deliver on Mecca By STACEY SINGER Palm Beach Post Staff Writer WEST PALM BEACH The Scripps Research Research Institute agreed Thursday to give Palm Beach County another two months to deliver 100 acres on Mecca Farms, extending extending the original deadline by five months. In a letter faxed to the county, Scripps' chief operating officer, Doug Bingham, said that in the "spirit of cooperation," the research research institute would give the county until May 28 to deliver both its building pad and the bonds needed to finance Scripps $137 million headquarters and laboratories on the former orange grove. Bingham agreed to the county's suggestion suggestion that lawyers review the timetables spelled out in their year-old year-old year-old contract The letter eases concerns by some county county officials that Scripps might try to declare Palm Beach County in default of its contract, then move some or all of its Florida operation elsewhere. On March 9, Scripps trustees voted to reject reject the county's chosen backup site, the Florida Research Park on Beeline Highway, saying they were committed to going forward on Mecca Farms. The county purchased the 2,000-acre 2,000-acre 2,000-acre former orange grove last year for $60 million. million. Since, five legal challenges have been filed to stop the project In another development, Scripps announced announced the addition of new members to its board of trustees: Louis L Gonda of Beverly Hills, Calif., and Mark S. Skaggs of Boise, Idaho. Gonda was a founding partner of International International Lease Finance Corp., which buys commercial commercial aircraft and leases them to airlines. He served as its executive vice president until until 1995. Since retiring, Gonda has been ac tively involved in commercial real estate and venture capital investment Skaggs worked 25 years as an executive with American Stores. He owns a boutique real estate development company and manages manages family agricultural operations in Idaho. The two replace outgoing Scripps trustees trustees Tom Cerruti and Herbert Boyer. Cerruti is president of The Skaggs Institute for Research, Research, a chemistry and biology arm of The Scripps Research Institute. Boyer is co-founder co-founder co-founder and director of Genentech Corp., a biotechnology research company. staceysingerpbpost.com

Clipped from The Palm Beach Post01 Apr 2005, FriOther EditionsPage 13

The Palm Beach Post (West Palm Beach, Florida)01 Apr 2005, FriOther EditionsPage 13
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