{
  "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)",
      "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.",
      "status": "reported",
      "sids": [
        "S-27",
        "S-07"
      ],
      "prov": "registry S-27 (in-document signature date) · american-magic-extraction-run-04.md (scorecard)"
    },
    {
      "key": "gaa",
      "date": "~2023-10",
      "label": "The binding grant",
      "instrument": "Triumph Grant Award Agreement #315 (executed ~Oct 2023; instrument not yet in the archive)",
      "claim": "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 — and the executed agreement itself is a document the archive still lacks.",
      "status": "reported",
      "sids": [
        "S-07"
      ],
      "prov": "american-magic-extraction-run-06.md (O-AMAG-02 note; prior record Runs 03/04, not in-repo)"
    },
    {
      "key": "lease",
      "date": "2024-02-19",
      "label": "The lease",
      "instrument": "Real Property Lease and Development Agreement (S-29, council-approved FINAL)",
      "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.\"",
      "status": "verified",
      "sids": [
        "S-29"
      ],
      "prov": "american-magic-extraction-run-06.md"
    },
    {
      "key": "pivot",
      "date": "2026-04-08",
      "label": "The pivot",
      "instrument": "Cup-asset sale announcement + Saildrone/Spectre release",
      "claim": "BMQRA sells its America's Cup boats to American Racing Challenger Team USA and exits Cup competition. Twelve days later Saildrone unveils Spectre: \"American Magic Services\" is building 43-meter composite wings for an anti-submarine-warfare / kinetic-strike Navy drone, in the publicly-built facility, at 5 wings/year.",
      "status": "reported",
      "sids": [
        "S-25",
        "S-36",
        "S-08"
      ],
      "prov": "american-magic-bmqra-entity-page.md §8 · american-magic-extraction-run-05.md"
    },
    {
      "key": "reframing",
      "date": "2026-06-23",
      "label": "The reframing",
      "instrument": "Triumph Gulf Coast Semi-Annual Report to the Governor (S-07)",
      "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.",
      "status": "reported",
      "promo": true,
      "sids": [
        "S-07"
      ],
      "prov": "american-magic-extraction-run-04.md (the meta-finding)"
    },
    {
      "key": "run06",
      "date": "2026-08-09",
      "label": "The lease, read",
      "instrument": "Extraction Run 06 — S-29 permitted-use finding (trigger T3 fired)",
      "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.",
      "status": "verified",
      "sids": [
        "S-29"
      ],
      "prov": "american-magic-extraction-run-06.md"
    }
  ]
}