Clippers closing in on privately funded arena in Inglewood (3-25-20 Clippers buy the Forum)
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venturalakersfan
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PostPosted: Tue Mar 24, 2020 5:47 pm    Post subject:

Jeanie isn’t going to be happy to hear that
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gumby
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PostPosted: Wed Mar 25, 2020 7:20 am    Post subject:

If the Clippers can't make their own championship history, then they'll just buy the Lakers'.



Go away Clippers.

Bye.
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PostPosted: Mon May 04, 2020 4:55 pm    Post subject:

https://www.msn.com/en-us/sports/nba/clippers-finalize-purchase-of-inglewood-forum/ar-BB13AXR8

Quote:
Clippers finalize purchase of Inglewood Forum

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The Clippers issued a press release Monday announcing that CAPSS LLC – a recently-formed company backed by team owner Steve Ballmer – has completed its purchase of The Forum in Inglewood, California. The venue was previously owned by the Madison Square Garden Company.


The Clippers are locked into their Staples Center lease through 2024, but owner Steve Ballmer has long prioritized the idea of the team moving into a building of its own.
The sale agreement was initially reported in March, when the two sides reached a deal for Ballmer’s group to buy The Forum for $400 million in cash. MSG Co. – controlled by Knicks owner James Dolan – had previously been engaged in a legal battle with Ballmer and the Clippers, who are trying to build a new arena in Inglewood.

The sale of The Forum will help end that litigation, paving the way for the Clippers to proceed with their new building. The Forum, meanwhile, will continue to operate as a live entertainment venue. The Forum’s existing leadership team of Geni Lincoln and Mike Fallon will now report to Gillian Zucker, the Clippers’ president of business operations, according to Monday’s announcement.

“The talented team at The Forum has created a world-class live entertainment venue, and we are committed to building upon that reputation,” Zucker said in a statement. “Having The Forum just a short distance from the L.A. Clippers’ new arena will give us the opportunity to provide the City of Inglewood with a number of benefits, including a collaborative approach to managing traffic and community activities.”

The Clippers are locked into their Staples Center lease through 2024, but Ballmer has long prioritized the idea of the team moving into a building of its own. The franchise will now be able to proceed on plans to build a state-of-the-art, 18,000-seat arena in Inglewood.

Ohm Youngmisuk of ESPN reported in March that the Clippers’ proposal was undergoing an environmental review by Inglewood, with public hearings to approve the project expected to be held in the summer. It’s not clear whether the coronavirus pandemic has changed that timeline.
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