September 17 (WNN) — The NBA’s Los Angeles Clippers will break ground on Friday in a new arena that’s set to open in a few years — and will be called the Intuit Dome — after a 23-year naming rights deal.
The team announced the deal Friday morning ahead of the groundbreaking ceremony, which is scheduled for 10 a.m. PDT.
The $1.2 billion arena in Inglewood, a suburb of Los Angeles, is expected to open in time for the 2024-25 season.
“When we began looking for a partner for the LA Clippers and our new dome, we looked for one who shares our passion for technology, our pursuit of innovation, and our commitment to customers, fans, and community,” Team chairman and owner Steve Ballmer said in a statement.
“Intuit is perfect and we are excited to be calling our future home the Intuit Dome.”
“We are both focused on creating exceptional experiences enabled by innovative technology,” said Intuit CEO Sasan Gudarji.
“Intuit and the Clippers have a history of supporting local communities, and we look forward to investing in and contributing to helping the Inglewood community prosper.”
As part of the deal, Intuit pledged $1 million over the next three years to teach students in underserved communities about finance and entrepreneurship. Officials said the deal would also create programs to create jobs and encourage the Inglewood community.
When it opens, the Intuit Dome will seat about 18,000 people and will be fully electric. The campus will also have an 80,000 sq ft outdoor plaza.
Since 1999, the Clippers have shared an arena, the Staples Center, with the more successful and better known Los Angeles Lakers. Ballmer said the new arena would give the clippings their own identity. Before moving to the Staples Center, the team played at the Los Angeles Memorial Sports Arena for 15 seasons.
The Clippers went 47-25 last season and reached the Western Conference Finals before losing to Phoenix in six games.