Clippers make official purchase of Forum, clearing way for new arena

It’s official: The legendary home of the Showtime Lakers is about to be owned by the Clippers.In a move that removes lawsuits and clears the way for a new home arena for the Clippers to be built nearby, Steve Ballmer formed CAPSS LLC, which has reached an agreement to purchase the Forum from the Madison…


368
1.1k shares, 368 points



Clippers.” data-reactid=”19″ type=”text”>It’s official: The legendary home of the Showtime Lakers is about to be owned by the Clippers.

In a move that removes lawsuits and clears the way for a new home arena for the Clippers to be built nearby, Steve Ballmer formed CAPSS LLC, which has reached an agreement to purchase the Forum from the Madison Square Garden group for $400 million.

The Forum will remain open as a concert venue, but the construction of a new 18,000-seat home for the Clippers will soon get underway.



“This is an unprecedented time, but we believe in our collective future,” Ballmer said in a statement. “We are committed to our investment in the City of Inglewood, which will be good for the community, the Clippers, and our fans.”

Los Angeles Rams and Chargers — under the same management can help them mitigate traffic issues in the area.” data-reactid=”23″ type=”text”>The new owners are spinning the idea that having the Forum and the new Clippers arena — which are both near the nearly-completed new home of the Los Angeles Rams and Chargers — under the same management can help them mitigate traffic issues in the area.

“We know traffic is something that many Inglewood residents worry about. While we have gone to great lengths to provide an unprecedented traffic-management plan for the new basketball arena, this acquisition provides a much greater ability to coordinate and avoid scheduling events at the same time at both venues,” said Chris Meany, a principal of Wilson Meany, the developer overseeing the new basketball arena project.

The Fabulous Forum was home for the Lakers from 1967 through 1999, when the team moved to the newly-built Staples Center in downtown Los Angeles.

Los Angeles Kings parent company, AEG, owns the building) and into their own building. That’s about to become a reality.” data-reactid=”26″ type=”text”>Ballmer has wanted to move the Clippers out of being the third tenant at Staples Center (the Los Angeles Kings parent company, AEG, owns the building) and into their own building. That’s about to become a reality.

Clippers make official purchase of Forum, clearing way for new arena originally appeared on NBCSports.com” data-reactid=”27″ type=”text”>Clippers make official purchase of Forum, clearing way for new arena originally appeared on NBCSports.com

Read More…


Like it? Share with your friends!

368
1.1k shares, 368 points

What's Your Reaction?

hate hate
199
hate
confused confused
66
confused
fail fail
530
fail
fun fun
331
fun
geeky geeky
265
geeky
love love
66
love
lol lol
132
lol
omg omg
331
omg
win win
597
win

0 Comments

Your email address will not be published. Required fields are marked *

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format