INGLEWOOD (CBSLA) The Los Angeles Clippers' Inglewood Basketball and Entertainment Center (IBEC) was finalized Tuesday by Inglewood City Council and will begin construction next summer.
As a result, the Clippers have opened their waiting list for season tickets and other select arena experiences.
The “world-class campus” will include an 18,000-seat basketball arena, team practice facility and corporate offices for the L.A. Clippers, as well as a facility and room for live entertainment.
"Today is a new chapter for the Inglewood Basketball and Entertainment Center as we move away from the land use permit process and move on to construction," said Gillian Zucker, President of Business Operations, Clippers.
“Every part of IBEC is designed with purpose – with a non-excusing intensity that defines the shared experience for players, musical talent and fans alike. This arena will undoubtedly prove that there is no substitute for live basketball and entertainment, ”said Zucker.
Unanimous approval from the city council allows Murphy & # 39; s Bowl, the company that develops IBEC, to purchase the public property on the arena's grounds for $ 66.25 million.
The total purchase price will be split between the city, the FAA, Los Angeles World Airports and other local facilities including the Inglewood Unified School District.
The facility is set up in an open atmosphere from the inside out and serves as a hub that brings the Clippers organization together with a new team exercise facility and corporate offices.
The project, which is expected to lay the foundation in the summer of 2021, will open at the start of the 2024-25 NBA season.
IBEC is expected to create more than 7,000 full- and part-time jobs and up to 1,500 permanent full-time and part-time jobs when the complex opens.
Inglewood is also projected to have an estimated annual economic activity of $ 260 million and tax revenues of approximately $ 100 million for its first 15 years of operation.