MAGIC JOHNSON has backed out of a plan to put a movie
theater complex in New York's Harlem area. Ken Lombard,
President of Magic Johnson Theaters, said the company was
unable to agree on rent with Harlem developer Robert Seavey
(N.Y. DAILY NEWS, 7/30)....Among those featured on
NEWSWEEK's cover story on "The New Rich" are PHIL KNIGHT and
WAYNE HUIZENGA (NEWSWEEK, 8/4 issue)....Today's S.F.
CHRONICLE features an extensive profile of sports
celebrities doubling as motivational speakers, complete with
fees of some of the top names (S.F. CHRONICLE, 7/30)....In
Chicago, Michael Sneed reported that Bismarck Enterprises
Chair PETER WIRTZ filed a $3M countersuit against the
Chicago Park District (CPD) on Monday, "alleging contract
violations." The CPD, which had a concessions contract with
Wirtz, had sued him "alleging that he underpaid" $1M in
concession fees. Wirtz alleges that the CPD suit was "an
attempt to coerce the Blackhawks into contributing $1
million to the Park District for construction of ice rinks
in Chicago" (CHICAGO SUN-TIMES, 7/30). Wirtz also visited
the Pocono Raceway, PA, with other business and political
leaders "to gather first-hand information on the track they
hope to duplicate in not one, but two locations in" in IL
and MD (NSSN, 6/23).
