Originally written on Fox Sports West  |  Last updated 8/16/14
NEW YORK (AP) -- The Madison Square Garden Co. says it bought the Forum in Inglewood, Calif., for 23.5 million. The historic arena opened in 1967 and was home to both the NBA's Lakers and NHL's Kings until they left for the Staples Center in 1999. The venue also hosted generations of pop music acts, including Elvis Presley, Jimi Hendrix, Aerosmith and Nirvana. It's currently owned by the Faithful Central Bible Church, which uses it for services as well as concerts. Madison Square Garden, which owns the namesake New York arena, along with the NBA's Knicks and the NHL's Rangers, says it plans to start renovating the Forum later this year. Shares of Madison Square Garden rose 54 cents, or 1.5 percent, to 37.65 in morning trading, approaching their 52-week high of 38.90.
MORE FROM YARDBARKER

Report: Browns part ways with Kyle Shanahan, QBs coach

LeGarrette Blount won't listen to Terrell Suggs' trash talk

Seahawks' Michael Bennett: Panthers are like our hot cousin

Tom Brady on playing in the cold: 'I'm a (bleeping) machine!'

Gerald Wallace: Nets' 2013 trade was a 'get-rich quick scheme'

Jenn Sterger responsible for Oregon 'No Means No' chant

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Colin Kaepernick to work with Kurt Warner during offseason

Bodybuilder Jay Cutler dishes on sharing name with QB

Report: Cardinals interested in adding big-time pitcher

Report: Grizzlies targeting Jeff Green, Luol Deng

Stephon Marbury honored as 'role model' in China

J.R. Smith has great quote about his playing philosophy

Pedro Martinez wants his Jheri curl on Hall of Fame plaque

ESPN and Marvel team up for documentary series

Could the Miami Marlins have the best outfield in baseball?

How Buckeyes, Ducks built their rosters for a national title

MLB Network launching original documentary series

Top storyline for each NFL Divisional Playoff game

WATCH: Clippers owner goes wild dancing to Fergie

WATCH: Cole Aldrich airballs shot on embarrassing blooper

Tiger Woods selling private island on Swedish lake

The Andy Dalton plan for 2015

Mayweather vs Pacquiao: Lessons from Leonard vs. Duran

Andrew Luck on his unkempt beard: ‘I know it’s a bad look’

Entertainment News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.

Martinez wants his Jheri curl on plaque

Predicting the NFL's year-end awards

ESPN, Marvel team up for series

Seahawk: Panthers are like a hot cousin

Brady on cold: 'I'm a (bleeping) machine!'

Sterger responsible for Oregon chant?

Top storylines of Divisional Playoffs

Cards interested in adding big pitcher

Grizzlies targeting Green, Deng

Marbury honored as 'role model' in China

Tiger Woods selling private island

JR Smith's great quote about shooting

Today's Best Stuff
For Bloggers

Join the Yardbarker Network for more promotion, traffic, and money.

Company Info
Help
What is Yardbarker?

Yardbarker is the largest network of sports blogs and pro athlete blogs on the web. This site is the hub of the Yardbarker Network, where our editors and algorithms curate the best sports content from our network and beyond.