Dreamstyle Remodeling reportedly gets Pit naming rights - Albuquerque Journal

Dreamstyle Remodeling reportedly gets Pit naming rights

UNM has asked WisePies Pizza & Salad to relinquish its naming rights to the Pit, apparently to make way for a new donor. (Roberto E. Rosales/Albuquerque Journal)
UNM has asked WisePies Pizza & Salad to relinquish its naming rights to the Pit, apparently to make way for a new donor. (Roberto E. Rosales/Albuquerque Journal)

Who is going to replace WisePies as the Pit’s naming rights sponsor?

It appears to be another local business and a company with a history of contributing to Lobo athletics.

Reports circulating late Tuesday say it is Dreamstyle Remodeling, an Albuquerque-based dealer and installer of name-brand home products, such as Renewal by Andersen windows.

Dreamstyle Remodeling CEO Larry Chavez would not confirm the reports to the Journal, nor would University of New Mexico athletic director Paul Krebs.

But UNM is touting a “major and historic UNM athletics announcement” for a news conference scheduled for today. It has revealed few details about the event, including the location. But athletic department spokesman Frank Mercogliano did tell the Journal the event would involve naming rights.

And UNM said earlier that a new sponsorship would involve naming rights for more than one facility, not just the Pit.

Dreamstyle Remodeling was founded in 1989 and operates in five states. Chavez, born in Springer and raised in Albuquerque, is a University of New Mexico graduate. The Journal reported last year that he was leading a project to remodel the UNM football offices at no cost to the school.

NM Fishbowl, a website run by freelance journalist Daniel Libit, tweeted Tuesday afternoon, “Sources: Larry Chavez of Dreamstyle Remodeling to be new naming-rights benefactor of @UNMLOBOS sports facilities. UNM hasn’t confirmed.” Libit did not identify his sources. The Lobo Lair fan website subsequently tweeted similar news, also not citing sources.

UNM set the stage for the announcement last week, confirming that WisePies’ 10-year naming rights agreement for the Pit would end early due to a new deal with a different, unidentified donor. UNM said it asked WisePies to step aside to make way for a better offer that would encompass multiple facilities. The school did not identify the new donor or the amount.

Signed in 2014, WisePies’ deal called for 10 annual installments totaling $5 million, the last of which was not scheduled until Dec. 31, 2023. The arrangement will instead end after payments totaling $800,000.

WisePies and UNM say WisePies was current on all payments, meaning it was covered through the end of 2017. Krebs said WisePies has not asked for a refund for making the change ahead of time.

Libit has raised questions about the WisePies deal, even filing a lawsuit against the UNM Foundation, the school’s fundraising arm, which has denied his requests for certain documents related to the agreement. Libit alleges the foundation is violating the state’s public records law, though the foundation argues it is not a public entity.

Home » Sports » College » UNM Lobos » Dreamstyle Remodeling reportedly gets Pit naming rights


Albuquerque Journal and its reporters are committed to telling the stories of our community.

• Do you have a question you want someone to try to answer for you? Do you have a bright spot you want to share?
   We want to hear from you. Please email yourstory@abqjournal.com

taboola desktop

1
State removes breakthrough case data from COVID reports
ABQnews Seeker
Move comes as vaccinated people comprise ... Move comes as vaccinated people comprise greater share of infections
2
ABQ resident donates grand piano to Easter Island
ABQnews Seeker
Loralee Cooley gifts her beloved Steinway ... Loralee Cooley gifts her beloved Steinway to the School of Music and Arts of Rapa Nui
3
Two Democrats vie for District 1 Bernalillo County Commission ...
2022 election
Primary winner will take on uncontested ... Primary winner will take on uncontested Republican
4
Cowabunga! Fans raise a glass — and cash — ...
ABQnews Seeker
A fundraiser at a Burque brewery ... A fundraiser at a Burque brewery had locals coming out of their shell Saturday afternoon. The 'Drink Beer. Save Turtles.' event teamed up the ...
5
Councilor Lewis moves to correct Planned Parenthood vote
ABQnews Seeker
Initial vote for $250K in allocation ... Initial vote for $250K in allocation of city budget was in error, councilor says
6
NM again deadliest state for pedestrians
ABQnews Seeker
24% increase in 2021 edges Florida's ... 24% increase in 2021 edges Florida's No. 2 ranking
7
Favorable weather aids wildfire crews
ABQnews Seeker
Higher humidity, lower temperatures arrive, containment ... Higher humidity, lower temperatures arrive, containment steady at 40%
8
Buffalo shooting victim laid to rest; city marks 1 ...
ABQnews Seeker
Roberta Drury, a 32-year-old woman who ... Roberta Drury, a 32-year-old woman who was the youngest of the 10 Black people killed at a Buffalo supermarket, was remembered at her funeral ...
9
US, SKorea open to expanded military drills to deter ...
ABQnews Seeker
U.S. President Joe Biden and South ... U.S. President Joe Biden and South Korean President Yoon Suk Yeol said after meeting Saturday that they will consider expanded joint military exercises to ...