The agreement between the Clippers and Inglewood would be for 36 months, giving the team time to complete environmental reviews. The property is located on about 22 acres of land between Prairie and Yukon Avenue and bordered on the north by Century Boulevard.
The ENA is subject to approval by the Inglewood City Council, which could happen as early as this morning when the matter is expected to be voted on. The Clippers' complex would include team offices, parking and a practice facility. No public dollars will be used for this project. And he has pledged to do whatever necessary to provide fans and their families with the best game-night experience in the National Basketball Association.
The Clippers have a lease to play at Staples Center in downtown Los Angeles through 2024.
The ENA establishes a timeline and framework for the development, analysis and entitlement of the planned basketball facility.
Now, it appears the City of Inglewood has been doing a lot of backroom dealing.
The city negotiated the agreement to build the 18,000 to 20,000 seat stadium with Bellevue, Wash. -based Murphy's Bowl, a Deleware entity formed in January, presumably controlled by Clippers owner Steve Ballmer. Down the road, the Clippers could purchase the site in question and privately finance the arena, though some details remain unknown as of right now.
The L.A. Clippers will pay all the costs to plan, entitle and develop the proposed facility.
As part of the agreement, the developer must make a $1.5 million non- refundable deposit with the city to cover "administrative costs" and other expenses. If the agreement moves forward, the Clippers would build a new arena on 22 acres of land across the street from a stadium for the NFL's Los Angeles Rams and Los Angeles Chargers that is now under construction.
Still, he said, it was "one of the saddest nights of my life".