Crypto.com Arena to Get "Nine Figure" Remodel

Plans have been unveiled to give the sports arena formerly known as Staples Center, a massive upgrade. Anschutz Entertainment Group (AEG) announced in a news release an investment in the "nine figures" to modernize and refresh the venue and its surroundings.

“Crypto.com Arena is part of the fabric of Los Angeles, and we are incredibly proud of the role it continues to play in creating some of the most memorable moments in sports and entertainment," said AEG president and chief executive officer Dan Beckerman in a news release. "Since its opening, we have invested hundreds of millions of dollars to ensure that the venue remains state-of-the-art, while consistently creating a world-class event and fan experience. The investment in these renovations demonstrates the ongoing commitment of AEG, the Lakers and the Kings to deliver the best experiences for all of our fans, partners, artists and teams."

The overhaul is comprehensive and will affect all levels of the arena. The renovations will include:

• A re-imagined City View Terrace with flexible indoor-outdoor dining and entertainment experiences where fans can eat, drink and socialize while overlooking the expansive downtown Los Angeles skyline to the north and the arena bowl to the south.

• The development of Crypto.com Arena’s first-ever multi-level Tunnel Club that will feature new hospitality spaces and an exclusive Event Level viewing experience that offers select season ticket members and other VIP guests a personal backstage window to watch players and performers as they enter and exit their locker rooms.

• An expanded and re-imagined Chairman’s Club that will offer select season ticket members and VIP guests with new benefits and experiences at Crypto.com Arena’s most private and sought-after location before, during, and after events.

• The creation of the arena’s first-ever Main Concourse suites that will provide guests with premium seating’s closest view of the action on the court, ice or stage.

• The installation of two new LED screens and ribbon boards visible to the upper and lower bowl seating areas.

• A redesigned and upgraded Impact Sports Bar & Grill on the Main Concourse that will include new food and beverage menus.

• Improvements to the Main Concourse marked by an entirely new arrival experience, as well as upgrades to the Upper-Level Concourse including new food offerings, among other fan amenities.

• A redesign of the dining areas in the Yaamava’ and Lexus Clubs, as well as other hospitality spaces.

• A refresh of the arena’s Premium and Suite Level Entrances, Concourses throughout the venue as well as the locker rooms of the Kings, Lakers and Sparks.

In the surrounding area, AEG expects to close Chick Hearn Court to vehicle traffic and to expand XBox Plaza and LA Live. New marquees will overlook the plaza expansion and walking area.

The renovations have already begun and will occur in phases with an expected overall completion date of Fall 2024.

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