He saw Bigfoot in drag! LOL!

Nick, while such stories can be entertaining and I won't go any further into most ghost stories than to mention drugs (alcohol included), sleep deprivation and/or actual dreaming, if you're going to pass on a story as authentic don't try to oversell it.
First, an alligator being put into a lake is hardly astonishing, except maybe when you consider the IQ of the person who put it there. Second, it isn't really much of a story ... well, that is unless you swim there on a frequent basis. Third, this "source" may have been Mike's friend, but he was your friend-of-a-friend, and as you didn't claim that he was the one who did it nor a witness to it, at best this is a friend-of-a-friend-of-a-friend.
The fish story isn't really that fishy either. While a 200 pound catfish is impressive (and several seconds of estimation through murky waters is already questionable) F.O.U.S.s (Fish of Unusual Size) are not that unbelievable.
Bottom line: if you're going to use portions of your book for an article, use some that are more impressive, have a little more evidence or at least are entertaining. Well, the ghost story description was entertaining... it reminded me of The Ring. Good movie.
"Determined to prove a point to the magazine's editor and show how easily the media might be manipulated, [creator of the comic strip 'Bloom County' Berke] Breathed convinced her of the utter falsehood that he had hatched several hundred alligators in his apartment and released them into the lakes surrounding Austin. For final, misleading proof of his hoax, Breathed produced for his editor two actual alligators that he really had hatched. She bought it, hook, line and sinker. 'I'll write the story,' Breathed volunteered, and soon enough a cover story screamed of a reptilian invasion. Soon the rest of the local media picked up the story, further warping it each time they told it..
'Property values plummeted. People pulled their boats out of the water. Investigators were called in," Breathed remembers. 'Then it got scary. They even brought federal charges. Then my good next-door neighbors turned me in. Then I got fined.'
The (Spokane, WA) Spokesman-Review, June 2, 1983, pg. 32.
http://news.google.com/newspapers?nid=1314&dat=19830602&id=XtURAAAAIBAJ&sjid=1O4DAAAAIBAJ&pg=6771,1045960
"... the University of Texas at Austin, where Breathed enrolled in 1976...To win a bet about the ease of spreading false information, he once leaked a story to the campus magazine, Utmost, recounting how he had hatched 356 baby alligators in his apartment and then released them into nearby lakes. The fabricated story was indeed picked up by the wire services and circulated."
http://www.people.com/people/archive/article/0,,20088400,00.html
I heard the story from the man himself when he came to give a talk at M.I.T. in the mid-Eighties.
A cooler of beer plus night fishing equals the story above.