Intuit Secures Clippers Arena Naming Rights for $500M

The Los Angeles Clippers are slated to open a new $1.2 billion Inglewood arena in 2024 — and the building now has a name.

Called the Intuit Dome, TurboTax’s parent secured naming rights to the venue in a 23-year deal worth more than $500 million.

Steve Ballmer, who purchased the Clippers for $2 billion in 2014, says the team is establishing its own identity by moving from its current shared space with the Los Angeles Lakers and Los Angeles Kings at Staples Center.

• With 18,000 seats, the arena will feature a double-sided Halo video board.
• The team believes Intuit Dome will generate around $260 million in annual economic activity in the area, adding over 7,000 full-time and part-time jobs.
• Additionally, the Clippers committed $100 million for a community benefits package for after-school programs, senior services, libraries, and housing.

Ballmer paid $66.2 million for the land and an additional $400 million to purchase The Forum from MSG last year — reportedly freeing Ballmer from legal battles with the company. MSG had purchased The Forum for $23.5 million in 2012.

The groundbreaking for Intuit Dome is Friday. The Clippers are currently valued at $2.75 billion.