Donors don't pay up, so UVSC holds on to stadium name rights
This is an archived article that was published on sltrib.com in 2005, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

OREM - Developers who pledged big dollars to help pay for Utah Valley State College's $4 million baseball stadium still have not forked over the promised dough.

More than eight months after the stadium's debut, UVSC officials have not collected dollar one of the $1.7 million pledged by Craig Pickering and Heath Johnston, co-developers of the massive Parkway Crossing student-apartment complex west of the Orem campus.

UVSC spokesman Derek Hall says he does not know the reason for the delay.

Pickering and Johnston are more than a year in arrears on the first $96,000 installment, and a month overdue on the second $147,000 payment on the total, which the pair promised to pay over 10 years in exchange for naming rights to the 2,500-seat ballpark.

Pickering did not return phone calls seeking comment. Johnston - reportedly no longer part of the naming-rights deal - also could not be reached.

Since the funds don't appear to be forthcoming, UVSC officials are refusing to hang the Parkway Crossing moniker on the stadium that is home to UVSC Wolverines men's baseball team and the minor league Orem Owlz - the pro team that relocated to Orem this year from Provo.

Parkway's balk has put UVSC in a bit of a bind. In November 2004, the college was on its own to make the first $159,000 payment on the $6.5 million bond Utah County approved in summer 2004 to fund the field and to refinance an earlier bond the Orem school used to build its student center.

Last month, UVSC paid another $384,000 and must pay an equal sum every year until the bond is retired in 2013.

The bond was essentially a loan to the college, which planned to tap money from Parkway Crossing and other private donors. UVSC has raised about $2.8 million for the stadium, but is counting on selling the naming rights to make up the difference.

Hall says UVSC will pursue other potential donors for naming rights if needed, but added the college remains hopeful Pickering will pay up as promised.

"Basically, the ball is in their court," Hall said.

While UVSC has put up student fees as collateral for the bond, officials there have not dipped into those dollars.

"We have funds available internally - from auxiliary services and other sources," Hall said.

"We can make the payments, but we obviously don't want to spend [that money]."

If the Parkway Crossing developers don't pay, Orem resident Mark Palmer thinks the pair has some explaining to do.

"They reaped a lot of positive publicity when their donation [for the stadium] was announced," Palmer said. "They owe the college and the public an explanation."

In a bind: The college is still on the hook for a bond it floated to pay for the facility at the Orem campus
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