Twitter LogoCopy Link IconLos Angeles ClippersClippers Owner Steve Ballmer Invests $100M in Inglewood in Deal for New ArenaPaul KasabianSenior ContributorSeptember 10, 2019 CommentsComment Bubble Icon
The Los Angeles Clippers may soon be leaving Staples Center behind, as ESPNs Ohm Youngmisuk reported Tuesday that team owner Steve Ballmer has invested $100 million in the city of Inglewood, California, where the Clips are aiming to move.
Per Youngmisuk, the investment “was negotiated with city officials from Inglewood as part of their arena development agreement and is set to be revealed Tuesday at an Inglewood City Council meeting.”
Ballmer, Clippers announcing $100 million investment in Inglewood amid plans for new arena
Youngmisuk also reported that $80 million of the investment will go toward affordable housing as well as financial assistance to renters and first-time homebuyers. School and youth programs will benefit from an additional $12.75 million.
Los Angeles Clippers owner Steve Ballmer, pictured at a fan event in August 2014 shortly after he bought the team. (AP Photo/Jae C. Hong)