Cards Get $16M To Begin Ballpark Village Next Phase Rockets Hire E-Sports Front Office Exec ISC Plans $178M Phoenix Int'l Raceway Upgrade Raiders' Davis Not Involved In Oakland Talks Facility Notes Details Emerge On Oakland Plan For Raiders Concerns Raised About DC United's New Stadium Orlando City SC Submits Plan For Stadium Signage Court Rules With Warriors On Arena Issue 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).