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The Forum in Inglewood, CA.
The long-rumored deal has been sealed. The world famous Madison Square Garden company (MSG) has purchased the world famous Forum for $23.5 million. On top of that, MSG promises to spend $50 million renovating the historic facility.
The deal aims to attract stellar performers and revitalize the surrounding community. Staples Center is the obvious competition, but between hockey games and basketball there isn't always time for musical acts. "We look forward to bringing our passion and expertise in music and entertainment to the West Coast – and to having the privilege to make the Forum a must-play venue once again," said MSG president Melissa Ormond in a statement.
Why did it take more than a year to finalize the deal? What are its prospects? How will it help the city of Inglewood? What's the transportation plan? Will mass transit play a role? Where will people park their cars?
David Brooks, Managing Editor, Venues Today – industry trade publication