INGLEWOOD, Calif. (KABC) -- The company that owns New York's Madison Square Garden is moving west. On Tuesday, officials announced a $100 million plan to revitalize and reopen the Forum in Inglewood.
The forum was purchased last year for approximately $23.5 million. There are now plans for a $100 million renovation to turn the forum into a high-end concert hall.
The goal is to bring the Forum back to its glory days, where rock legends like the Rolling Stones and even Elvis Presley performed at the venue.
In 1999, the Forum lost its biggest tenants - the Los Angeles Lakers and the Kings - when Staples Center was built. Since then, most big concerts have gravitated toward Staples Center as well.
Madison Square Garden officials say their renovations will bring performers back to the Forum. With the Hollywood Park Casino down the street being transformed into an upscale living and shopping center, officials hope concertgoers feel safe...
didn't think there would be a market left for a "new" venue in LA, but i guess it can fill the void left by the gibson amphitheater once its shoved aside for harry potter world.