Clemenza wrote:If Ballmer buys The Forum then either he guts the interior for basketball or its getting torn down. You're not going to buy the Forum then build a new arena down the street- and all the concerts go to the new arena- leaving the Forum empty and bare and having to pay expensive maintenance and upkeep costs for a building with no concerts and no permanent pro tenants. Plus it would be prime real estate to build a hotel or highrise with condos. Alot of locals won't like the thought of The Forum being torn down though. But no way you buy that just to leave it sitting there with nothing going on that plot of land
Lots of angles here. Not sure if it would be profitable or not but with LA being as attractive as it is for concerts, I could see the Forum getting enough leftovers to still have at least 50 concerts a year even if the majority of them go to the new arena but again, I don't know how profitable it would be.
The Forum is a historical landmark so I don't know if they could tear it down but your hotel idea is one that I've thought about, as long as you keep the exterior the way it is, you are abiding by the historical landmark rules. I could see Ballmer then gutting the building and turning it into a hotel since that's what is going to be springing up all over the place now that the football stadium and Clips arena are gonna be there.
Lastly, there is going to be tons of overflow parking for football games. The Forum lot is going to be full every Sunday during football season so Ballmer will be raking in dough there as well. Heck, if you're a good walker and want to save a few bucks on parking, I could see the Forum lot be a cheap option for people driving to the Clippers games. It's less than a mile walk from that lot to the arena site.