SBD/30/Facilities Venues

COMPAQ FINALLY REACHES THE SUMMIT AFTER CITY COUNCIL OK

          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).

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Facilities, hp, Houston Rockets

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