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Volume 24 No. 155
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ROCKETS BEGIN NEGOTIATIONS FOR NEW ARENA IN HOUSTON

     Houston Mayor Bob Lanier and Rockets Owner Leslie Alexander
have begun negotiations for a new downtown arena, according to
sources cited by the HOUSTON CHRONICLE.  Though no deal has been
struck, the two have been discussing a $100M 18-24,000-seat arena
near the George Brown Center.  Public funding, money from
Alexander, and arena revenue would help pay for the arena (John
Williams, HOUSTON CHRONICLE, 12/22).