MSG Announces Plans For The Revitalization Of The Forum
July 30, 2013 at 2:51 PM (PT)
THE MADISON SQUARE GARDEN COMPANY announced TODAY THE FORUM will reopen JANUARY 15th, 2014 with a historic performance by THE EAGLES. MSG plans to invest $100 million to reopen the iconic venue and has named CHASE as corporate partner. MSG acquired THE FORUM in INGLEWOOD, CA in JUNE 2012 for $23.5 million from FAITHFUL CENTRAL BIBLE CHURCH, which had been holding SUNDAY services and renting the venue for concerts and events. THE FORUM was previously the home venue for LOS ANGELES LAKERS and LOS ANGELES KINGS. It also hosted numerous for over 30 years.
"Since we first explored the opportunity to acquire THE FORUM and expand THE MADISON SQUARE GARDEN CO.'s presence on the West Coast, our vision has been clear: return the venue to its celebrated position as one of the most beloved and well-known venues in the country for the benefit of the community, fans and performers for generations to come," said JAMES L. DOLAN, Exec. Chairman, THE MADISON SQUARE GARDEN CO. "We are pleased with the substantial progress on our ambitious plans, and starting with THE EAGLES in JANUARY, THE FORUM will return to its rightful position as a thriving destination for both artists and music fans."
DOLAN added, "I would also like to say a special thank you to IRVING AZOFF, who brought this opportunity to our attention. IRVING's prominence in and knowledge of the L.A. market, along with his unmatched success in the music industry, are what led us here today. He knew that THE FORUM was a venue that artists loved to play, and that MSG could make this historic venue great again. As one of the most respected and creative executives in the entertainment industry, we have no doubt that IRVING will play an important role in helping us meet our ambitious goals, and that his vision and insights will ensure that the revitalization of this iconic arena is a total success."
AZOFF, THE EAGLES' manager and founder of AZOFF MUSIC MANAGEMENT, stated, "THE FORUM is an iconic SOUTHERN CALIFORNIA landmark and with the vision of THE MADISON SQUARE GARDEN CO. is sure to become the world's quintessential music-focused venue. Since the 1970s, THE EAGLES have a long and rich history with THE FORUM. The building has played an important role in the growth and development of the band from their early SOUTHERN CALIFORNIA roots to becoming a worldwide touring phenomenon. With its unsurpassed acoustics and warm intimate arena experience, it's always been the band's favorite building to perform in and we're anxiously looking forward to kicking off the next era of THE FORUM this JANUARY."
THE FORUM expands MSG's footprint to the WEST COAST, and adds a seventh venue to the company's famed portfolio of venues, which include NEW YORK's MADISON SQUARE GARDEN; RADIO CITY MUSIC HALL; BEACON THEATRE; CHICAGO THEATRE in CHICAGO; THE THEATER AT MADISON SQUARE GARDEN and BOSTON'S WANG THEATRE.