MSG To Buy L.A. Forum
Madison Square Garden Entertainment, which not only owns three iconic buildings in NYC but the
“We have reached an agreement for the option to purchase the L.A. Forum, subject to due diligence and other conditions,” MSG confirmed to Pollstar but declined to elaborate.
MSG – famously associated with the
The Forum, formerly Great Western Forum, has a long and storied history with Los Angeles, but lost its edge when the Staples Center was built at the turn of this century and anchor tenants Los Angeles Lakers and Kings made the shift to the new building. Still, its sentimental atmosphere has attracted the likes of
However, the venue, which was bought by the Faithful Central Bible Church in 2000, has scheduled its entertainment events around services. Where the church will now head is unknown. The Forum is run by VenuWorks, which signed a five-year contract with the church and brought back longtime GM Gene Felling. MSG manages its own buildings.
The church has been agitated, and litigious, with its facility managers – first AEG, then
