Last updated on 2012.11.13
Oh, and SDSU and Brookings were doing so well...
Dwaine Chapel has resigned from the executive directorship of the Lake Area Improvement Corporation. Chapel is leaving one of the few six-figure salaries in Madison to work where he lives, in Brookings, directing the SDSU Growth Partnership and the SDSU Innovation Campus. He replaces Teresa McKnight, who resigned last October to head the University of Montana Research Park in Bozeman. Chapel's contract is one year; the Growth Partnership board is conducting a national search for a permanent director.
Update 18:25 MST: According to the SDSU Growth Partnership's 2010 990 filing, the organization paid former exec Teresa McKnight $143,022. The LAIC cleverly hid Chapel's salary on its 2010 and 2009 filings, but the LAIC's 2008 990 listed Chapel's pay and other compensation as just about $113,000.
As the LAIC board prepares to meet next week to finalize a transition plan, let us pause to recognize the achievements the Lake Area Improvement Corporation has made under Chapel's leadership:
Funny!! Why were we paying six figures to a person who took that money out of our community in the first place? I think Madison can find a person who actually lives in our city and puts the needs of our city and area foremost in his priorities.
Perhaps this is the opportune time to get the LAIC to open its books and become transparent about its use of our monies?
I love the story, Thanks!