Industry Press Releases

L.A. Clippers Explore Option for New, State-of-the-Art Basketball Arena in Inglewood, Calif.

Monday, Jun 19, 2017
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The L.A. Clippers and the City of Inglewood announced today that they have entered into a three-year Exclusive Negotiating Agreement (ENA) that will allow the Clippers to explore building a new state-of-the-art basketball arena, training facilities and team offices in Inglewood, Calif. Under the ENA, which was [unanimously] approved Thursday morning by the Inglewood City Council, the Clippers will consider a 20-acre site located south of Century Boulevard at Prairie Avenue and directly across the street from the future football stadium and entertainment district being developed by The Kroenke Group.

The ENA establishes a three-year timeframe during which the L.A. Clippers will develop the details of its proposed basketball facility. The City of Inglewood will conduct an environmental review including an evaluation of the proposed facility’s construction and operational impacts.

The Clippers have called STAPLES Center, located in downtown Los Angeles, home since 1999. The team’s current lease with Anschutz Entertainment Group, the owners of STAPLES Center, will expire at the end of the 2023-2024 NBA season.

“Today’s announcement is consistent with what Steve Ballmer and the Clippers leadership have said for years – we want to be regarded as the best. That requires setting the highest bar for our performance in every aspect of our business,” stated Gillian Zucker, L.A. Clippers President of Business Operations. “To accomplish this goal, we must have options for the future.”

“This agreement serves as an example of the team’s commitment to providing Clipper Nation with the best game experience in the NBA,” Zucker said. “It is another step in the journey toward building a championship culture that will deliver positive results for Clippers players, fans and the greater Los Angeles community.”

“The Clippers applaud the energy and vision that Mayor Butts has for his city,” added Zucker. “His tenacity was instrumental in getting this Exclusive Negotiating Agreement across the finish line.”

The new arena would be 100 percent privately funded and privately capitalized. No public dollars will be used for this project.

Under the exclusive negotiating agreement, the L.A. Clippers are responsible for the costs to plan, entitle and develop the proposed facility. Within 24 hours of signing the ENA, the L.A. Clippers will pay the City of Inglewood $1.5 million, which will fund the City’s administrative costs. If additional funding is required, the Clippers will provide the necessary resources.

About the L.A. Clippers

The L.A. Clippers play in the Pacific Division of the Western Conference of the National Basketball Association (NBA). The Clippers have won two division titles (2013, 2014) and are coached by Doc Rivers. Under the vision of owner Steve Ballmer, the Clippers have emerged as one of the most innovative franchises and business partners in basketball. Tickets for home games at STAPLES Center can be purchased at www.clippers.com/tickets. In addition to on-court success, the Clippers are committed to making a difference in Southern California through numerous community programs and the L.A. Clippers Foundation. For more information on the Clippers players, organization, stats and tickets, please visit www.clippers.com.

Contacts

For L.A. Clippers
Matt Klink
310-283-6267
matt@ek-sunkin.com
or
Dennis Rogers
310-862-6028
DRogers@Clippers.com

 

Source:businesswire.com

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