{ "meta": { "generated": "2026-09-24", "schema": "atlas-money/1.0", "sources": [ "record/decisions/timeline.yaml", "record/decisions/money.yaml" ] }, "totals": { "committed_total": 106183597, "requested_total": 76000000, "reported_total": 11403935, "secondary_reported_total": 136382204, "cards_reported_total": 147786139 }, "funders": [ { "id": "local", "label": "Local government", "parties": "City of Pensacola · Port of Pensacola · Escambia County" }, { "id": "triumph", "label": "Triumph Gulf Coast", "parties": "Triumph Gulf Coast, Inc." }, { "id": "state", "label": "State of Florida", "parties": "FDOT · FSTED · Florida Commerce (DEO) / Job Growth Grant Fund · Legislature" }, { "id": "federal-other", "label": "Federal & other", "parties": "HUD CDBG-DR (via Florida Commerce) · U.S. EDA · U.S. Navy MIB Program" } ], "rows": [ { "decision": "st-titan-120", "funder": "triumph", "stage": "committed", "party": "Triumph Gulf Coast, Inc.", "recipient": "City of Pensacola — ST Titan #120 (MRO campus, Pensacola International Airport)", "note": "executed GAA 2019-04-29: $56M immediate + 2×$5M tranches contingent on Triumph's 2020/2021 state receipts (§9.6, C-STE-0021); grant amount unchanged across all five amendments (S-53–S-57)", "claim": null, "amount": 66000000, "instrument": "Triumph GAA #120 — grant amount unchanged across all five amendments", "sources": [ "S-41" ], "primary": true, "origin": "timeline" }, { "decision": "ihmc-233", "funder": "triumph", "stage": "committed", "party": "Triumph Gulf Coast, Inc.", "recipient": "IHMC (grantee) — Healthspan Center #233", "note": "current grant after five amendments (S-23, Fifth Amendment); original 2020 grant $6,078,795 (C-IHMC-0001); base GAA in the corpus as S-88", "claim": null, "amount": 20396286, "instrument": "Triumph GAA #233 as amended (Fifth Amendment; original 2020 grant $6,078,795)", "sources": [ "S-23", "S-22", "S-88" ], "primary": true, "origin": "timeline" }, { "decision": "american-magic-315", "funder": "triumph", "stage": "committed", "party": "Triumph Gulf Coast, Inc.", "recipient": "City of Pensacola — American Magic #315 (facility leased to BMQRA)", "note": "per Triumph's own tracker (S-07) and the Port FY2025 AFR (S-15); executed GAA in the corpus as S-89 (intaked 2026-08-23), extraction queued", "claim": null, "amount": 8500000, "instrument": "Triumph GAA #315 (facility leased to BMQRA)", "sources": [ "S-89", "S-07", "S-15" ], "primary": true, "origin": "timeline" }, { "decision": "port-road-rail", "funder": "federal-other", "stage": "reported", "party": "HUD CDBG-DR, via Florida Commerce", "recipient": "City of Pensacola — HS002 CDBG-DR subrecipient agreement (HUD Hurricane Sally recovery funds via Florida Commerce)", "note": "the figure is the council record's own (S-60, S-61; C-PRR-0003, C-PRR-0005); the timeline entry's own note follows — reported, not counted — executing instrument not retrieved (published copy unexecuted, blank signature blocks; fully executed copy W-30)", "claim": null, "amount": 11403935, "instrument": "CDBG-DR reallocation, HS002 as amended (Amendment One, +$2,300,000, council 26-402 2026-03-26) — $11,403,935.38 floored to whole dollars here; FSTED seaport co-funding ($2,374,918, G2838 + G2856) is shown on Money as reported — not counted, in its own ledger row.", "sources": [ "S-60", "S-61" ], "primary": true, "origin": "timeline" }, { "decision": "uwf-wave-330", "funder": "triumph", "stage": "committed", "party": "Triumph Gulf Coast, Inc.", "recipient": "UWF Board of Trustees — WAVE #330", "note": "term sheet executed 2024-12-18 (S-18, C-WAVE-0002); definitive GAA executed 2025-03-13 and in the corpus as S-90, not yet extracted — the $3,315,600 remains the term-sheet figure", "claim": null, "amount": 3315600, "instrument": "Triumph GAA #330 (executed term sheet S-18; executed GAA S-90, unextracted)", "sources": [ "S-90", "S-18" ], "primary": true, "origin": "timeline" }, { "decision": "birdon-367", "funder": "triumph", "stage": "requested", "party": "Triumph Gulf Coast, Inc.", "recipient": "City of Pensacola — Birdon / Project Maeve #367", "note": "requested — nothing binding yet. Term sheet board-approved 2026-06-22 (S-47), executed 2026-07-23 (S-70) and expressly non-binding by its own terms (S-11); the GAA is the instrument that would bind and does not yet exist — not on Triumph's 2026-08-19 agenda (S-45); September 2026 earliest. Figure per the application (C-MAEV-0006)", "claim": null, "amount": 76000000, "instrument": "Triumph #367 request — term sheet executed 2026-07-23 and expressly non-binding by its own terms; no grant agreement executed (not on Triumph's 2026-08-19 agenda; September 2026 earliest). [Status 2026-09-24: At Triumph's 2026-08-19 meeting, staff called the Job Growth Grant Fund award \"one component of partner funding for the larger Project Maeve initiative\" and anticipated that \"the related agreement\" would appear on the next agenda (draft minutes, not yet approved; the instrument is not named). The DRAFT agenda for that next meeting, 2026-10-01, carries no Birdon / Project Maeve item. GAA #367 appears on neither Triumph agenda the corpus holds.]", "sources": [ "S-09", "S-10", "S-11", "S-70", "S-45", "S-104", "S-105" ], "primary": true, "origin": "timeline" }, { "decision": "hpmce-dock-26-029", "funder": "state", "stage": "committed", "party": "FSTED (FDOT seaport program)", "recipient": "Port of Pensacola — HPMCE Dock Complex (American Magic Phase II)", "note": "Grant G3B51; Council award #26-190; the memo's own body/table transposition ($5,978,581 vs $5,978,851) is preserved in the record (Run 05 §2)", "claim": null, "amount": 5978851, "instrument": "FSTED Grant G3B51", "sources": [ "S-17" ], "primary": true, "origin": "timeline" }, { "decision": "hpmce-dock-26-029", "funder": "local", "stage": "committed", "party": "Port of Pensacola", "recipient": "Port of Pensacola — local match, HPMCE Dock Complex", "note": "Port-appropriated local match (Supplemental Budget Resolution 2025-99, S-17) — executed construction contract not retrieved (S-16 copy's execution line blank; W-01)", "claim": null, "amount": 1992860, "instrument": "Port local match (Supplemental Budget Resolution 2025-99)", "sources": [ "S-17" ], "primary": true, "origin": "timeline" }, { "decision": "port-road-rail", "funder": "state", "stage": "reported", "party": "FSTED (FDOT seaport program)", "recipient": "City of Pensacola — FSTED seaport co-funding of the rail/road rebuild (G2838 + G2856)", "note": "read from the council record and HS002 Attachment A (the $2,374,917.98 the City must fully expend before any CDBG-DR funds); the grant instruments themselves are wanted (W-31) — reported, not counted", "claim": "C-PRR-0004", "amount": 2374918, "instrument": "FSTED grants G2838 ($1,524,565, approved 2022-03-24) and G2856 ($850,353, approved 2022-04-14) — the HS002 'leverage'", "sources": [ "S-60", "S-61" ], "primary": false, "origin": "ledger" }, { "decision": "american-magic-315", "funder": "state", "stage": "reported", "party": "Florida Commerce (DEO) — Job Growth Grant", "recipient": "American Magic #315 Phase 1 funds — Florida Dept. of Commerce (DEO) Job Growth Grant, per the lease's Exhibit C estimate", "note": "a lease-time estimate, not an executed grant instrument in the corpus (W-08 wanted) — reported, not counted; the 2026-08-12 coverage frames it as a 2023 Job Growth Grant (S-46)", "claim": "Run 06 R-4 (lease §4.02 / Exhibit C); C-MAEV-new-8 (S-46, corroboration)", "amount": 3900000, "instrument": "FL Commerce grant agreement — the lease's 'Estimated Available Funds' line (wanted W-08)", "sources": [ "S-29", "S-46" ], "primary": false, "origin": "ledger" }, { "decision": "birdon-367", "funder": "federal-other", "stage": "reported", "party": "U.S. Navy — Maritime Industrial Base Program", "recipient": "Project Maeve workforce analysis / facility design — Dept. of the Navy, Maritime Industrial Base (MIB) Program", "note": "read from a support letter, not from a funding instrument the corpus holds — reported, not counted (founder ruling R-2, 2026-09-22; the row stood as 'committed' on Money from 2026-08-10 to this order)", "claim": "Run 01 E-40 / funding flows ('Federal in-kind already received')", "amount": 300000, "instrument": "MIB Program grant, as stated in the MIB support letter inside the application (S-09)", "sources": [ "S-09" ], "primary": false, "origin": "ledger" }, { "decision": "birdon-367", "funder": "state", "stage": "reported", "party": "Florida Job Growth Grant Fund", "recipient": "City of Pensacola — Florida Job Growth Grant for the Birdon facility (site development, utilities, facility construction)", "note": "announced and reported; no grant instrument in the corpus — reported, not counted. The June 2026 stack projected \"$14 million\" from the fund (C-MAEV-new-2; Q-07 holds the $5M gap open)", "claim": "C-MAEV-new-1", "amount": 9000000, "instrument": "Florida Job Growth Grant Fund award, presented 2026-08-12 (City newsflash #5184; same-day coverage)", "sources": [ "S-48", "S-46" ], "primary": false, "origin": "ledger" }, { "decision": "american-magic-315", "funder": "local", "stage": "reported", "party": "City of Pensacola (receives — Base Rent prepaid by the Tenant, BMQRA)", "recipient": "City of Pensacola — #315 Base Rent Prepayment, Lease Years 1–8 (partial) and 11–13, due by 2025-09-30", "note": "tenant money paid to the City in \"consideration of City's entry into and construction of the Project\" and \"entirely non-refundable to Tenant\" — not a public grant; its delivery by 2025-09-30 is not in the corpus; the amendment's execution by the City is not in the corpus (W-45) — reported, not counted. [Dated note 2026-09-24, WO-040 review round 2:] Council approved the amendment 2025-04-10 (item 25-324, Yes 5 / No 0) and authorized the Mayor to finalize and execute it (S-107, C-0162, C-0164); the executed counterpart is not in the public record located to date, so the stage stays reported", "claim": "C-0159 (Run 12); C-0162, C-0164 (Run 12 §2, dated 2026-09-24)", "amount": 3082286, "instrument": "Lease First Amendment §1.i — published copy tenant-executed only (City blocks and effective date blank; W-45)", "sources": [ "S-106", "S-107" ], "primary": false, "origin": "ledger" }, { "decision": "st-titan-120", "funder": "state", "party": "FDOT (aviation)", "stage": "reported", "recipient": "FDOT — grant (one line as amended)", "amount": 48000000, "instrument": "stated stack line — GAA #120 replacement Exhibit C, Fifth Amendment (effective 2026-02-03)", "sources": [ "S-53", "S-57" ], "note": "the FDOT instrument itself is not in the corpus (Run 01 W-cand-3, unpromoted); read from the executed GAA's replacement exhibit — reported, not counted", "claim": null, "primary": false, "origin": "stack" }, { "decision": "st-titan-120", "funder": "local", "party": "City of Pensacola", "stage": "reported", "recipient": "City of Pensacola (as amended)", "amount": 18200000, "instrument": "stated stack line — GAA #120 replacement Exhibit C, Fifth Amendment (effective 2026-02-03)", "sources": [ "S-57" ], "note": "read from the stated project stack, a projection — reported, not counted", "claim": null, "primary": false, "origin": "stack" }, { "decision": "st-titan-120", "funder": "local", "party": "Escambia County", "stage": "reported", "recipient": "Escambia County (as amended)", "amount": 11800000, "instrument": "stated stack line — GAA #120 replacement Exhibit C, Fifth Amendment (effective 2026-02-03)", "sources": [ "S-57" ], "note": "the County instrument is not in the corpus (Run 01 W-cand-7, unpromoted)", "claim": null, "primary": false, "origin": "stack" }, { "decision": "st-titan-120", "funder": "state", "party": "Florida Commerce (DEO) — Job Growth Grant Fund", "stage": "reported", "recipient": "DEO / Governor's Job Growth Grant Fund (as amended)", "amount": 18875000, "instrument": "stated stack line — GAA #120 replacement Exhibit C, Fifth Amendment (effective 2026-02-03)", "sources": [ "S-53", "S-57" ], "note": "read from the stated project stack, a projection — reported, not counted", "claim": null, "primary": false, "origin": "stack" }, { "decision": "st-titan-120", "funder": "federal-other", "party": "U.S. Economic Development Administration", "stage": "reported", "recipient": "Federal EDA", "amount": 12250000, "instrument": "stated stack line — GAA #120 replacement Exhibit C, Fifth Amendment (effective 2026-02-03)", "sources": [ "S-53", "S-57" ], "note": "read from the stated project stack, a projection — reported, not counted", "claim": null, "primary": false, "origin": "stack" }, { "decision": "american-magic-315", "funder": "local", "party": "City of Pensacola", "stage": "reported", "recipient": "Grantee — City of Pensacola (of which $3.2M existing building)", "amount": 8600000, "instrument": "stated stack line — GAA #315 Exhibit A budget, as executed 2023-10-02 (S-89 printed pp. 26–27)", "sources": [ "S-89" ], "note": "as printed: Design, Construction and Equipment $5,400,000 + Existing Building $3,200,000 = Grantee Total $8,600,000. Whether the $3,200,000 existing-building component is an in-kind value (the application calls it a replacement-value appraisal, C-0124) or a flow is recorded here, not resolved (WO-036 ruling). Read from the executed GAA's exhibit — a stated match, not a funding instrument for the City's own money — reported, not counted.", "claim": null, "primary": false, "origin": "stack" } ], "stacks": { "st-titan-120": { "decision": "st-titan-120", "versions": [ { "dated": "2019-04-29", "tag": "as executed", "instrument": "GAA #120 Exhibit C as executed 2019-04-29", "basis": "GAA #120 Exhibit C, as executed (Table 2 of the Exhibit C transcription)", "sources": [ "S-41" ], "lines": [ { "label": "FDOT — grant (original award)", "amount": 25000000, "funder": "state", "party": "FDOT (aviation)", "sources": [ "S-41", "S-44" ] }, { "label": "FDOT — grant (gap-closing request)", "amount": 20000000, "funder": "state", "party": "FDOT (aviation)", "sources": [ "S-41", "S-44" ] }, { "label": "City of Pensacola", "amount": 15000000, "funder": "local", "party": "City of Pensacola", "sources": [ "S-41", "S-44" ] }, { "label": "Escambia County", "amount": 15000000, "funder": "local", "party": "Escambia County", "sources": [ "S-41", "S-44" ] }, { "label": "Governor's Job Growth Grant Fund", "amount": 14000000, "funder": "state", "party": "Florida Commerce (DEO) — Job Growth Grant Fund", "sources": [ "S-41", "S-44" ] }, { "label": "Federal EDA", "amount": 12250000, "funder": "federal-other", "party": "U.S. Economic Development Administration", "sources": [ "S-41", "S-44" ] }, { "label": "Legislative appropriation", "amount": 3000000, "funder": "state", "party": "Florida Legislature", "sources": [ "S-41", "S-44" ] }, { "label": "City funding — bridge loan / additional grants", "amount": 4875000, "funder": "local", "party": "City of Pensacola", "sources": [ "S-41", "S-44" ] }, { "label": "VT MAE (private share)", "amount": 35000000, "funder": null, "party": null, "sources": [ "S-41" ] } ] }, { "dated": "2026-02-03", "tag": "as amended", "current": true, "instrument": "GAA #120 replacement Exhibit C, Fifth Amendment (effective 2026-02-03)", "basis": "Exhibit C as replaced — first by the First Amendment (S-53, C-STE-0036: FDOT one line at $48M; DEO/JGGF $18,875,000), the Third (S-55), and the Fifth Amendment (S-57, C-STE-0066: City $18.2M, Escambia $11.8M; source totals unchanged from the Third). The stack was rebalanced, never resized: $210,125,000 in every version.", "sources": [ "S-57", "S-53", "S-55" ], "lines": [ { "label": "FDOT — grant (one line as amended)", "amount": 48000000, "funder": "state", "party": "FDOT (aviation)", "sources": [ "S-53", "S-57" ], "note": "the FDOT instrument itself is not in the corpus (Run 01 W-cand-3, unpromoted); read from the executed GAA's replacement exhibit — reported, not counted" }, { "label": "City of Pensacola (as amended)", "amount": 18200000, "funder": "local", "party": "City of Pensacola", "sources": [ "S-57" ] }, { "label": "Escambia County (as amended)", "amount": 11800000, "funder": "local", "party": "Escambia County", "sources": [ "S-57" ], "note": "the County instrument is not in the corpus (Run 01 W-cand-7, unpromoted)" }, { "label": "DEO / Governor's Job Growth Grant Fund (as amended)", "amount": 18875000, "funder": "state", "party": "Florida Commerce (DEO) — Job Growth Grant Fund", "sources": [ "S-53", "S-57" ] }, { "label": "Federal EDA", "amount": 12250000, "funder": "federal-other", "party": "U.S. Economic Development Administration", "sources": [ "S-53", "S-57" ] }, { "label": "VT MAE (private share)", "amount": 35000000, "funder": null, "party": null, "sources": [ "S-53", "S-57" ] } ] } ] }, "american-magic-315": { "decision": "american-magic-315", "versions": [ { "dated": "2023-04-27", "tag": "as filed", "instrument": "Application #315 budget narrative, as filed 2023-04-27 (S-27 p. 23)", "basis": "The City's application to Triumph, budget narrative BUDGET table (C-0124): Triumph $8,500,000 · Governor's Job Growth Grant Fund $3,900,000 · FSTED $1,500,000 · Replacement Value Whse 10 $3,200,000 · American Magic Capital Investment $32,000,000 · Escambia TDC $1,500,000 · printed TOTAL $45,200,000 — the lines as printed do not add to the printed total (C-0124b); both preserved. \"Attachment B\", the budget the application says to see, is not in the archived file (A-27-1).", "sources": [ "S-27" ], "lines": [ { "label": "Governor's Job Growth Grant Fund (as filed — applied for, not yet awarded)", "amount": 3900000, "funder": "state", "party": "Florida Commerce (DEO) — Job Growth Grant Fund", "sources": [ "S-27" ] }, { "label": "FSTED (as filed — applied for, not yet awarded)", "amount": 1500000, "funder": "state", "party": "FSTED (FDOT seaport program)", "sources": [ "S-27" ] }, { "label": "Replacement Value Whse 10 (a 2020 appraisal, as filed)", "amount": 3200000, "funder": "local", "party": "Port of Pensacola", "sources": [ "S-27" ], "note": "an appraisal value the application books as a budget line — in-kind or flow unresolved" }, { "label": "Escambia TDC (three-year award at $500,000/yr, as filed)", "amount": 1500000, "funder": "local", "party": "Escambia County Tourist Development Council", "sources": [ "S-27" ] }, { "label": "American Magic Capital Investment (private)", "amount": 32000000, "funder": null, "party": null, "sources": [ "S-27" ] } ] }, { "dated": "2023-10-02", "tag": "as executed", "current": true, "instrument": "GAA #315 Exhibit A budget, as executed 2023-10-02 (S-89 printed pp. 26–27)", "basis": "The fully executed Grant Award Agreement's Exhibit A, \"American Magic at the Port of Pensacola, Project 315, Oct-23\" (C-0122, C-0123): Project Total $49,100,000 = Design, Construction and Equipment $45,900,000 + Existing Building $3,200,000; by source Triumph $8,500,000 · Grantee $8,600,000 · American Magic Capital Investment $32,000,000. §2 and §5.2 state the same total and the $40,600,000 of Matching Funds (C-0120, C-0121).", "sources": [ "S-89" ], "lines": [ { "label": "Grantee — City of Pensacola (of which $3.2M existing building)", "amount": 8600000, "funder": "local", "party": "City of Pensacola", "sources": [ "S-89" ], "note": "as printed: Design, Construction and Equipment $5,400,000 + Existing Building $3,200,000 = Grantee Total $8,600,000. Whether the $3,200,000 existing-building component is an in-kind value (the application calls it a replacement-value appraisal, C-0124) or a flow is recorded here, not resolved (WO-036 ruling). Read from the executed GAA's exhibit — a stated match, not a funding instrument for the City's own money — reported, not counted." }, { "label": "American Magic Capital Investment (private) — Match Source 1", "amount": 32000000, "funder": null, "party": null, "sources": [ "S-89" ], "note": "the same $32,000,000 the record carries as Run 04's scorecard item (expenditure unverified) and Run 06's O-AMAG-04 (lease §5.02 cross-reference); reconciled by dated notes in those runs, no duplicate claim minted (Run 09 §4)." } ] } ] }, "uwf-wave-330": { "decision": "uwf-wave-330", "versions": [ { "dated": "2024-12-18", "tag": "as stated", "current": true, "instrument": "Executed Term Sheet #330 (S-18)", "basis": "Executed Term Sheet #330 — total project cost and match (C-WAVE-0003)", "sources": [ "S-18" ], "lines": [ { "label": "match, per the term sheet (composition not stated)", "amount": 13340000, "funder": null, "party": null, "sources": [ "S-18" ] } ] } ] }, "hpmce-dock-26-029": { "decision": "hpmce-dock-26-029", "versions": [ { "dated": "2026-05-11", "tag": "as stated", "current": true, "instrument": "Council award memo 26-190 funding table (S-17)", "basis": "the S-17 funding table — FSTED G3B51 + Port match; a fully public two-segment stack", "sources": [ "S-17" ], "lines": [] } ] } } }