The Lakers completed the purchase of a five-acre property worth $80 million in El Segundo that will become the team’s independently-owned practice facility. The property is located at the northwest corner of Mariposa Avenue and Douglas Street and is expected to be completed by the spring of 2017. The Lakers currently practice at Toyota Sports Center, shared with the NHL’s Kings and a skating rink open to the public.
“With its proximity to the airport and beaches, clean air, diverse businesses, and wonderful community, El Segundo is the perfect place for us to be,” Lakers co-owner and president Jeanie Buss said in a statement.