From Deseret News archives:
Name game at stadium
Promised donations for naming rights are late
The developers of Parkway Crossing which in 2003 pledged $1.7 million for the naming rights of of the stadium are almost six months late in making the first of 10 annual donations.
So while UVSC chiefs say they believe the developers will make good on their money pledge, the stadium's signs, at least for now, will not carry the Parkway Crossing name.
A telephone message to Craig Pickering, one of the developers, was not returned Monday night. Another developer, Heath Johnston, said that he hasn't been involved in Parkway for more than a year.
A payment is due each November for 10 years and is roughly one year ahead of the repayment schedule of a construction bond Utah County government had issued for the college, Hall said.
The college is responsible for the bond which paid the stadium's construction and the donations from the developers were to help ease the burden of the repayments.
The total principal and interest on the county-issued bond is approximately $6 million, said Derek Hall, UVSC spokesman.
UVSC hasn't received any money from the developers, Hall said.
"We've talked to them. They have issues with their business operation," Hall said. "(It's a) cash flow issues for them."
"From our perspective we still have a valid agreement," Hall said. "All of our communication with them (is that they) will honor that agreement."
Other people and businesses have inquired about the stadium's naming rights, but UVSC will not entertain any offers unless the agreement with Parkway Crossing is canceled, Hall said.
UVSC has struggled to find a major donor for the stadium and realize the money pledges.
In 1999 Utah Valley businessman Gary Brinton was the first to offer big-time cash to snag the naming rights. But Brinton and the school parted ways when they could not come to terms about the scope of the project.
Construction was finished on the 2,500-seat stadium in November, UVSC Athletic Director Mike Jacobsen said, and the UVSC baseball team is already using the field. The Orem Owlz, a minor league baseball team, will also use it this summer for the first time since the team changed its name from the Provo Angels.
The Orem Owlz pay UVSC to use the stadium during the summer and was not directly involved in construction, although it did throw in money for upgrades on items such as the seats and the scoreboard.
E-mail: lhancock@desnews.com
Comments
- 3A: Hurricane 24, Park City 19 2:29 a.m.
- GameDay back in the MWC 2:19 a.m.
- Westminster campus briefs 1:49 a.m.
- SUU campus briefs 1:48 a.m.
- Dixie campus briefs 1:47 a.m.
- Real Salt Lake gameday 1:33 a.m.
- 5A: Bingham rolls to title game 12:59 a.m.
- Aggies hope for Spartan cure 12:57 a.m.
- 5A: Miners pull tricks to win 12:56 a.m.
- 5A: Davis runs over Hunter 12:54 a.m.
- Williams leaves, won't play tonight
- Unga family is making its mark
- Selfishness to blame for Jazz woes?
- Study: Divorce likely when wife ill
- ESPN suddenly loves MWC
- Trial begins in toddler death
- Historically, Utes have owned TCU
- Two killed in Iron County crash
- 4A: Thunderbirds dynasty lives on
- Man killed during 3rd I-15 crash
- SLC council OKs gay rights policies
348 - Editorial: Mormons and gay rights
199 - Senators want food tax restored
162 - Will state consider gay rights law?
145 - Letters: Strange breed in Utah
129 - Utes remain silent about BCS
120 - S.L. vote pending on gay protections
113 - Celtics crush Jazz
103 - Pratt pleads not guilty to sex charges
102 - Hatch empathizes with Muslims
88
If you are looking for a bird on the cheap, the following specials from...
How do you handle kids and contests? Our oldest daughter, 7, is of the...
True. It's not terribly funny and if it has any effect on society, it won't...
What else would you expect to find in a book called "The Founders on Religion"?
Ok not to be rude here, but check the stats, Hinds isnt first in yards and...
t-hinds = best player in utah
Anonymous: Was that English? I though conservatives believed if you are in...
Wow! Glad the Lord kept you safe. Separate comment: That was a horrible...
I have never been to a Utah high school game before as I am not from the...
It would behoove the above commenters to recall that religion, including our...
Only 8000 attendance? BYU had 16,000+ tonight. What is wrong with Ute fans?...
ian you are the 3A MVP If you win next week so just do it that would be nice....


You can be the first to comment on this story.