The Inglewood Basketball and Entertainment Center (IBEC) has been given final approval from California’s Inglewood City Council.
The world-class campus will include an 18,000-seat basketball arena, team practice facility and corporate offices for the LA Clippers.
The City Council’s unanimous approval of the Disposition and Development Agreement (DDA) provides the terms for Murphy’s Bowl, the entity developing IBEC, to purchase the publicly-owned property within the arena site for $66.25 million.
Gillian Zucker, Clippers president of business operations, said:
Today is a new chapter for the Inglewood Basketball and Entertainment Center, as we move from the land use entitlement process and look toward construction.
Every part of IBEC is being designed with purpose – with an unapologetic intensity that will define the experience together for players, musical talent and fans alike. This arena will prove, beyond a shadow of a doubt, that there is no replacement for live basketball and entertainment.
The privately financed IBEC project will include a world-class facility that is uniquely designed to prioritise fan comfort and ease, player experience, home court advantage and community.
IBEC will reimagine live entertainment, creating a new standard for live experiences all on its own. The one-of-a-kind facility will be set within an open, indoor-outdoor atmosphere that showcases what the world loves best about Southern California.
The campus in Inglewood will serve as a hub that brings the Clippers organisation together, with a new team practice facility and corporate offices.
The project, expected to break ground in summer of 2021, will open for the start of the 2024-25 NBA season.
In August, the Clippers announced a global partnership with CAA Sports, a division of Creative Artists Agency, to bring to market the naming rights for the arena.
IBEC will create more than 7,000 full and part-time construction jobs and up to 1,500 permanent full and part-time jobs when the complex opens.
IBEC will generate an estimated $260 million in annual economic activity for Inglewood and approximately $100 million in tax revenue over the first 15 years of operation.