Tampa Electric pledges $1 million to bring FAMU law school to Tampa
TAMPA, June 29, 2000
At a special press conference held at TECO Plaza this afternoon, TECO Energy Chairman and CEO Robert Fagan and Tampa Electric Company President John Ramil announced a $1-million pledge to help bring the Florida Agricultural and Mechanical University College of Law to Tampa. The gift is the first major financial step in a community-wide effort to promote the city as the location for the new school.
"Tampa is absolutely the right location for the FAMU College of Law, and we will all gain from the economic boost it offers our community. At Tampa Electric, we believe that so strongly that we're pledging $1 million to make it a reality," said Ramil.
Ramil added that he hopes other corporations in the area will join Tampa Electric in the drive to bring FAMU's College of Law to Tampa. It is estimated that $12 million will be needed in total, in addition to a viable site. Several locations in the area are being considered.
Among the dignitaries in attendance at the press conference were Senator John McKay, incoming president of the Florida Senate, former Governor Bob Martinez and Bill McBride, managing partner of Holland & Knight.
"Tampa Electric has given our city the cornerstone for what we are confident will be a successful bid to be home to the state's newest law school," said McBride, who, along with Martinez, heads Tampa's fundraising effort.
In Florida, while African Americans and Hispanics represent 30 percent of the population, these groups only make up 8 percent of the membership of the Florida Bar Association.
"This underscores dramatically the need for this new institution in our state, and Tampa Electric is committed to making it happen to the benefit of our community," said Ramil.
Tampa Electric Company is the principal subsidiary of TECO Energy, Inc. (NYSE: TE), a diversified, energy-related utility holding company based in Tampa. In addition to Tampa Electric Company, its principal businesses include Peoples Gas System, TECO Power Services, TECO Transport, TECO Coal, TECO Coalbed Methane, and Bosek, Gibson and Associates.
Ross Bannister –