According to multiple sources, the Clippers and the city of Inglewood are closing in on entering an Exclusive Negotiating Agreement (ENA) on 22 acres of land between Prairie and Yukon Avenue south of Century Boulevard.
Ballmer financing the arena himself eliminates the roadblock of looking for lots of public money, which has caused issues for other owners in the past.
Ever since LA Clippers' owner Steve Ballmer dropped $2 billion to buy the team, he's spoken of getting them their own arena.
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Broderick Turner of the Los Angeles Times followed that news up by reporting that the Clippers plan to announce the deal Thursday. The football stadium, which is set to open in 2020, is the centerpiece of a 298-acre sports and entertainment district being built by Rams owner and real estate developer Stan Kroenke. The Clippers aren't expected to break ground on a new arena anytime soon.
The Rams aren't involved in the Clippers' arena project, according to a person with direct knowledge of the situation.
However, this move may not come any time soon, because as Bonsignore notes, "the Clippers are locked into a lease at Staples Center that runs through 2024". AEG, which owns and operates Staples Center, also owns the Kings and a piece of the Lakers. Where exactly would an arena be built in Inglewood remains to be seen.