ST. GEORGE — Following “cash flow” problems for Southern Utah solar energy company Legend Solar, Dixie State University officials have decided to discontinue the company’s naming rights of the football stadium.
UPDATE March 23, 9:45 a.m. to include statement from Legend Solar
In a statement, Dixie State representatives wrote: “We have been in constant communication with Legend Solar in recent days and made this decision together to allow Legend Solar to focus on serving their customers, employees and the community.”
Legend Solar pledged in April 2016 to donate $10 million to the university for renovations to the stadium. At that time, Legend Solar committed $5 million in cash to be donated over a 20-year period and an additional $5 million in solar technology that would have been installed on the Dixie State campus through 2027, Dixie State spokeswoman Jyl Hall said in a statement.
The rest of the money for the stadium will now come from “alternative revenue streams” like other donations, according to the university’s statement. The stadium’s renovations will continue as planned and will be completed by the end of April.
According to a post on Legend Solar’s support blog in January 2018, “Legend Solar is experiencing an extreme cashflow problem that impacts our ability to install purchased systems, as well as reimburse those who have cancelled their purchases.”
On Friday morning, Shaun Alldredge, owner of Legend Solar, sent the following statement to St. George News:
Legend Solar is very grateful for our relationship with Dixie State University. DSU has been both supportive and helpful as we have been through a challenging 2017, and now as we begin rebuilding our company. We could not ask for a better group to work with these last two years. We are focused on taking care of our customers and our employees, while continuing to build our business in a way that will allow us to serve our community for decades to come.
Editor’s note: This is a developing story and will be updated as more details emerge. If you or someone you know have been a customer of Legend Solar and have not yet had their systems installed or reimbursed if you cancelled the installation, please contact reporter Spencer Ricks at email@example.com.
Copyright St. George News, SaintGeorgeUtah.com LLC, 2018, all rights reserved.