ALEXANDER SAYS HE'LL DROP SUIT, EXPECTS NEW ARENA
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).