The city of Inglewood has scheduled a vote Thursday on a negotiating agreement on the development of a "premier and state-of-the-art" basketball arena with seating capacity of 18,000 to 20,000.
The property is located on about 22 acres of land between Prairie and Yukon Avenue and bordered on the north by Century Boulevard. Much of the land is owned by the city of Inglewood, according to city documents.
The location is across the street from a planned new stadium for the Los Angeles Chargers.
The team's lease at Staples Center runs through 2024.
Former Microsoft CEO Steve Ballmer purchased the team in 2014 and for the last year has been searching for a site to build the team its own arena. He reportedly is expected to finance the stadium on his own.