Construction of The Summit
In 1971, the National Basketball Association's San Diego Rockets were purchased by new ownership group Texas Sports Investments that moved the franchise to Houston. The city, however, lacked an indoor arena suitable to host a major sports franchise, so plans were immediately undertaken to construct the new venue that would become The Summit. The Rockets played their home games in various local facilities such as Hofheinz Pavilion and the Astrodome during the interim.
Completed in 1975 at a cost of $18 million, The Summit represented a lavish new breed of sports arena, replete with amenities, that would help the NBA grow from a second-tier professional sport into the multi-billion dollar entertainment industry that it is today. The Omni in Atlanta (now the site of Philips Arena), McNichols Sports Arena in Denver (now a parking lot for Sports Authority Field), and the Coliseum at Richfield in Cleveland (now an open meadow in the process of being reclaimed by forest) were all constructed during this period and remained in service until the continued growth of the NBA sparked a new arena construction boom in the late 1990s.
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