The Forum, an iconic entertainment venue in the Los Angeles County city of Inglewood designed in 1967 by architects Charles Luckman & Associates, was recently purchased for $400 million by CAPPS LLC from the New York-based Madison Square Garden Company (MSG). The LLC was formed by Steve Ballmer and Dennis Fong, respectively the chairman and vice-chairman of the Los Angeles-based Clippers basketball team, with plans to maintain the 11,000-seat building as an entertainment venue while making their dream of a nearby NBA arena one step closer to reality.
The recent deal reflects the potential end of a feud between Ballmer and MSG that has been going on for years. When Balmer proposed the construction of a $1 billion NBA arena designed by architecture and engineering firm AECOM in Inglewood, less than two miles away from Forum, MSG responded with a series of lawsuits, the first of which claimed that the proposed site was originally slated to be a ‘technology park’ that would have improved Inglewood’s economy. According to the LA Times, Ballmer had eventually grown tired of the mountain litigation, and formed CAPPS LLC to purchase the one asset MSG had that kept them invested in the city of Inglewood. “I’m not sure they understand what they’ve gotten themselves into, from my perspective,” he said last October.
The new stadium, currently scheduled to be completed in 2024, will become the center of the Inglewood Basketball and Entertainment Complex that will include a practice facility, public outdoor spaces, and team offices. Meanwhile, CAPPS LLC has expressed that they do not wish to tear down the Forum, which was added to the National Register of Historic Places in 2014. “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.”