The Los Angeles Clippers are moving closer to their future $1.8 billion arena. Inglewood City Council approved the sale of 13 parcels of land for $66.25 million to the Clippers-controlled Murphy’s Bowl LLC.
The 28 acres will be the site of the planned 18,000 seat arena, which will be privately financed — primarily by Clippers owner Steve Ballmer. Last month, the Clippers partnered with CAA to sell the naming rights to the arena, which they hope will net a record-breaking deal.
Construction is slated to begin by the middle of next year and the arena should be ready for the 2024-25 NBA season. Inglewood is also home to SoFi Stadium, which opens as the new home to the Los Angeles Chargers and Rams this NFL season.