The former Staples Center, now named the Crypto.com Arena, will undergo a complete renovation over the next two years. The crypto exchange platform wants to boost its image with the renovations and upgrade of this iconic place.
Crypto.com invests in improving the arena
The cryptocurrency exchange plans to make a “nine-figure investment” in improving the Crypto.com Arena. Indeed, platform officials announced on Monday that the home of the Lakers, Clippers, Sparks and Kings (NHL) will undergo renovations. As part of a 700 million dollar contract, Crypto.com intends to build this place in its image.
“It’s one million square feet (92,000 m2). And you can do a lot with a million square feet. ” says Dan Beckerman, general manager of AEG.
The costs of participating in professional sports are constantly rising. As a result, the improvements are going to focus primarily around the Crypto.com Arena Membership and VIP seats. Workers will also redevelop the Impact Sports Bar & Grill next to the main plaza and the President’s private club downstairs. There will also be new paint, frosted glass doors and a new restroom for the lobby on the venue suite level.
Several renovations on the program
The renovations will include several things. On the program, there will be new LED screens and ribbon panels. Next, there will be improvements to the lobby levels, as well as catering in the Crypto.com Arena. Not to mention the renovation of locker room air conditioners for the Lakers, Kings and Sparks.
Perhaps the most notable changes are plans to connect the LA Live area to Crypto.com Arena with an outdoor gathering space. Thus, this will lead to the elimination of the street between these two places in order to create a public square lined with trees.
This multi-million dollar project is expected to be completed by 2024, Crypto.com Arena officials say. However, the 2022 – 2023 NBA and NHL seasons will already benefit from several improvements.
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