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COMPAQ FINALLY REACHES THE SUMMIT AFTER CITY COUNCIL OK
Published October 30, 1997
The Houston City Council unanimously approved the agreement that would rename The Summitt as the Compaq Center. Compaq will pay the Arena Operating Company, managers of the city-owned arena, $5.4M over the next six years to upgrade the facility (Compaq). The vote had been delayed as Rockets officials "had been concerned" how the Compaq deal would affect the team's advertising "contract inside the facility." But the Rockets "dropped their request for further delay" after Compaq agreed to negotiate a separate ad deal with the team (HOUSTON CHRONICLE, 10/30).