Crypto.com Arena Set for Nine-Figure Renovation

After changing its name last year, Los Angeles’ iconic sports and entertainment arena is taking its first steps toward more significant changes.

On Monday, Crypto.com Arena announced a nine-figure renovation of the building — supposedly the largest in its 23-year history.

Construction began earlier this summer and the arena will remain open during all phases of the renovation.

The first set of improvements will reportedly be ready for the 2022-23 NBA and NHL seasons, with all phases of the project scheduled to be finished by fall 2024.

The building project seeks to reshape the fan experience for all events in and around the space.

• A reimagined City View Terrace will provide space for fans to take in the action inside, while having access to L.A. skyline views outside.
• An all-new Tunnel Club will provide VIP access to players and performers as they enter and exit the arena floor, while the first-ever Main Concourse suites will provide premium seating’s closest view.
• Two new LED screens and ribbon boards will be installed for easier visibility.
• L.A. Live’s Xbox Plaza outside the building will be expanded.

“Crypto.com Arena is part of the fabric of Los Angeles, and we are incredibly proud of the role it continues to play in creating some of the most memorable moments in sports and entertainment,” said AEG president and CEO Dan Beckerman. “The investment in these renovations demonstrates the ongoing commitment of AEG, the Lakers and the Kings to deliver the best experiences for all of our fans, partners, artists and teams.”

In March, executives from AEG and Crypto.com told Front Office Sports that hundreds of millions in renovations were immediately in the plans when the cryptocurrency marketplace took over the arena’s naming rights.