{ "meta": { "decision": "american-magic-315", "title": "One grant, six states of the truth", "note": "The same public investment, described by six successive instruments and documents. Nothing here is overwritten — every state is preserved, dated, and cited. This is what \"investment memory\" means." }, "states": [ { "key": "application", "date": "2023-04-27", "label": "The pitch", "instrument": "Triumph application #315 (City of Pensacola)", "prov": "registry S-27 (in-document signature date) · american-magic-extraction-run-04.md (scorecard)", "lines": [ { "text": "$8,500,000 requested to renovate Warehouse 10 — a 50-ft addition, a dock and boat ramp — \"required to secure headquarters relocation of Bella Mente Quantum Racing Association (American Magic).\"", "status": "verified", "sids": [ "S-27" ] }, { "text": "The public framing: an America's Cup boat-building operation, 170 jobs at ~$105,000.", "status": "reported", "sids": [ "S-07" ] } ], "status": "reported", "claim": "$8,500,000 requested to renovate Warehouse 10 — a 50-ft addition, a dock and boat ramp — \"required to secure headquarters relocation of Bella Mente Quantum Racing Association (American Magic).\" The public framing: an America's Cup boat-building operation, 170 jobs at ~$105,000.", "sids": [ "S-27", "S-07" ] }, { "key": "gaa", "date_from": "S-89", "label": "The binding grant", "instrument": "Triumph Grant Award Agreement #315 — executed 2023-10-02 (S-89, in the corpus; terms not yet extracted)", "presence_from": "instrument", "prov": "registry S-89 (WO-027 intake, identified from its face) · record/decisions/instruments.yaml (held_as S-89, verified) · american-magic-extraction-run-06.md §5 (O-AMAG-01 restated)", "date": "2023-10-02", "lines": [ { "text": "Grant Award Agreement #315 executed, effective 2023-10-02 — the instrument that binds the public bet (S-89, in the corpus).", "status": "verified", "sids": [ "S-89" ] }, { "text": "The Triumph instrument set binds 170 jobs at ≥$105k with a $50,000/job clawback (obligation O-AMAG-01). This is the enforceable core of the public bet — its terms have not yet been extracted from the executed agreement, so these figures still rest on Triumph's own report and the prior runs.", "status": "reported", "sids": [ "S-07" ] } ], "status": "reported", "claim": "Grant Award Agreement #315 executed, effective 2023-10-02 — the instrument that binds the public bet (S-89, in the corpus). The Triumph instrument set binds 170 jobs at ≥$105k with a $50,000/job clawback (obligation O-AMAG-01). This is the enforceable core of the public bet — its terms have not yet been extracted from the executed agreement, so these figures still rest on Triumph's own report and the prior runs.", "sids": [ "S-89", "S-07" ] }, { "key": "lease", "date": "2024-02-19", "label": "The lease", "instrument": "Real Property Lease and Development Agreement (S-29, council-approved FINAL)", "prov": "american-magic-extraction-run-06.md", "lines": [ { "text": "120 \"New Jobs\" — no wage provision of any kind. The counting net is wide (Affiliates and undefined \"partners\" count); the City's sole and exclusive jobs remedy is a gated liquidated-damages ladder ($3M only if the Tenant vacates; otherwise a second 4-year window, then $1.5M). The permitted-use clause quietly licenses \"other products and services that use the Tenant's capabilities.\"", "status": "verified", "sids": [ "S-29" ] } ], "status": "verified", "claim": "120 \"New Jobs\" — no wage provision of any kind. The counting net is wide (Affiliates and undefined \"partners\" count); the City's sole and exclusive jobs remedy is a gated liquidated-damages ladder ($3M only if the Tenant vacates; otherwise a second 4-year window, then $1.5M). The permitted-use clause quietly licenses \"other products and services that use the Tenant's capabilities.\"", "sids": [ "S-29" ] }, { "key": "pivot", "date": "2026-04-08", "label": "The pivot", "instrument": "Cup-asset sale announcement + Saildrone/Spectre release", "prov": "american-magic-bmqra-entity-page.md §8 · american-magic-extraction-run-05.md (C-0087)", "lines": [ { "text": "BMQRA sells its America's Cup boats to American Racing Challenger Team USA and exits Cup competition.", "status": "reported", "sids": [ "S-25", "S-36" ] }, { "text": "Twelve days later Saildrone unveils Spectre and announces it has retained \"American Magic Services\" to build its 43-meter composite wings — for an anti-submarine-warfare / kinetic-strike unmanned surface vessel — in the publicly-built facility, with a stated capacity of 5 wings/year.", "status": "reported", "sids": [ "S-08" ] } ], "status": "reported", "claim": "BMQRA sells its America's Cup boats to American Racing Challenger Team USA and exits Cup competition. Twelve days later Saildrone unveils Spectre and announces it has retained \"American Magic Services\" to build its 43-meter composite wings — for an anti-submarine-warfare / kinetic-strike unmanned surface vessel — in the publicly-built facility, with a stated capacity of 5 wings/year.", "sids": [ "S-25", "S-36", "S-08" ] }, { "key": "reframing", "date": "2026-06-23", "label": "The reframing", "instrument": "Triumph Gulf Coast Semi-Annual Report to the Governor (S-07)", "promo": true, "prov": "american-magic-extraction-run-04.md (the meta-finding)", "lines": [ { "text": "Triumph's official report recasts the grant: \"the recruitment of the American Magic sailing operations… resulted in significant interests from additional marine manufacturing projects.\" The 170-boat-building- jobs thesis becomes a cluster-catalyst story; the jobs are counted toward a region-wide \"8,485 net new jobs\" aggregate. Self-reported; promotional context; both claims preserved because they are different claims.", "status": "reported", "sids": [ "S-07" ] } ], "status": "reported", "claim": "Triumph's official report recasts the grant: \"the recruitment of the American Magic sailing operations… resulted in significant interests from additional marine manufacturing projects.\" The 170-boat-building- jobs thesis becomes a cluster-catalyst story; the jobs are counted toward a region-wide \"8,485 net new jobs\" aggregate. Self-reported; promotional context; both claims preserved because they are different claims.", "sids": [ "S-07" ] }, { "key": "run06", "date": "2026-08-09", "label": "The lease, read", "instrument": "Extraction Run 06 — S-29 permitted-use finding (trigger T3 fired)", "qids": [ "Q-01" ], "prov": "american-magic-extraction-run-06.md", "lines": [ { "text": "The Feb-2024 lease already licensed almost anything BMQRA is capable of doing — so the 2026 conversion required no amendment and no public re-approval at the lease layer, provided the activity is legally the Tenant's. Whether it is legally the Tenant's (the AMS question) is precisely what remains monitored, now with lease-compliance stakes (Article 18) and dated triggers T3a–T3d.", "status": "verified", "sids": [ "S-29" ] } ], "status": "verified", "claim": "The Feb-2024 lease already licensed almost anything BMQRA is capable of doing — so the 2026 conversion required no amendment and no public re-approval at the lease layer, provided the activity is legally the Tenant's. Whether it is legally the Tenant's (the AMS question) is precisely what remains monitored, now with lease-compliance stakes (Article 18) and dated triggers T3a–T3d.", "sids": [ "S-29" ] } ] }