Sources: Ballmer Wants New Arena For Clips Vikings Select Firms To Build New HQ LAFC Mulls HQ, Complex In Tustin Beaver Stadium Capacity Likely To Get Smaller Seahawks/Sounders Looking For Naming Rights Turner Field Area Could Become College Stadium Kentucky Scores Big With Luxury Football Seating Redskins Sell Naming Rights For Team HQ Sources: Isles In Talks For Arena At Belmont Park Facility Notes
ALEXANDER SAYS HE'LL DROP SUIT, EXPECTS NEW ARENA
Published May 22, 1998
Rockets Owner Leslie Alexander said Thursday he "will drop his lawsuit to get out of Compaq Center before his lease expires in 2003 because he is satisfied officials will have a new arena by then," according to John Williams of the HOUSTON CHRONICLE. Alexander has spent "about three years" trying to get a new arena in Houston, arguing that the team can't stay competitive without luxury suites, club seats and "other revenue boosters." Harris County-Houston Sports Authority member Michael Stevens said that the Authority had "started preliminary negotiations with Alexander." In other news, Alexander said he will "renew efforts" to acquire 25% of the Vikings with a new investor group after Tom Clancy withdrew his bid on Wednesday (HOUSTON CHRONICLE, 5/22).