The Inglewood City Council unanimously approved an exclusive negotiating agreement with the LA Clippers on Thursday.
INGLEWOOD, Calif. -- The Inglewood City Council unanimously approved an exclusive negotiating agreement with the LA Clippers on Thursday that could lead to the construction of an arena for the NBA team across the street from the future home of the NFL's Chargers and Rams.
The agreement calls for a three-year negotiating period, including a six-month extension, with a developer to build a state-of-the-art basketball arena with 18,000 to 20,000 seats. It requires the Clippers to pay a nonrefundable $1.5 million deposit to cover costs associated with the planning.
The proposed arena would be on a 20-acre parcel of land located across the street from the under-construction, $2.6 billion NFL stadium that is set to open in 2020. The Clippers' complex would include team offices, parking and a practice facility.
The land is currently occupied by a variety of businesses.
The Clippers have a lease to play at Staples Center in downtown Los Angeles through 2024. However, the team's owner, Steve Ballmer, has been open about his desire for a new arena since he bought the Clippers for $2 billion in 2014.
The Clippers share Staples with the Los Angeles Lakers, the NHL's Kings and the WNBA's Sparks, leaving the Clippers third in choice of dates. They've played at the arena since it opened in 1999.
Rams owner Stan Kroenke is privately financing the NFL stadium as part of a 698-acre mixed-use development that includes housing, retail and entertainment. The stadium is scheduled to host the Super Bowl in 2022.