SBD/20/Facilities Venues

A SWITCH AT THE TOP OF HOUSTON'S SUMMIT

     Chuck Watson yesterday became new majority owner of the IHL
Houston Aeros and acquired Arena Operating Company, the manager
and operator of The Summit.  Watson purchased the right to
operate the Summit for $5.4M.  That move was followed by a switch
of ownership of the Aeros, as Watson will become majority owner
with Glenn Hart as minority owner.  Neil Hohlfeld writes with the
purchase of Arena Operating, it "was almost imperative (Watson)
become the principal owner of one of the teams that plays there."
Aeros President & GM Steve Patterson will now also serve as
President of Southwest Arena Enterprises, the new firm that will
operate The Summit.  Patterson "will be involved in the group's
effort to convince Rockets Owner Leslie Alexander to get behind a
proposed renovation" of the facility.  Watson is Chair & CEO of
NGC Corp., a natural gas company (HOUSTON CHRONICLE, 9/20).  The
Summit is owned by the City of Houston, but is operated by Arena
Operating Company.
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