I have no opinion of whether there should be a statue, but forgetting this story is not a good plan, from history we learn to not repeat our mistakes.
His death did put in motion CHANGE.
Best stated in this article
http://blacktopxchange.com/2013/11/18/remembering-len-bias/
Here is a quote:
In the aftermath, academic standards were raised and athletic departments were subject to much more control and oversight. The poor choices of one phenomenal 22-year-old player who died of a drug overdose indicted the hypocritical infrastructure of college sports. But the outcry was only momentary.
“If it hadn’t been Lenny, and it hadn’t been right after the draft, and it hadn’t been the Celtics, nobody would have noticed,” a longtime Maryland official told Michael Weinreb, author of the fantastic ESPN piece, The Day Innocence Died. “I guess that’s the good that came out of it.”