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Article: Car mall replacing Lakers as Inglewood's attraction.(CarMax Auto Superstores Inc.)
- Article from:
- Los Angeles Business Journal
- Article date:
- May 17, 1999
- Author:
CopyrightCOPYRIGHT 1999 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Lakers and Kings are almost gone from the Great Western Forum, and Hollywood Park has been sold. But things are hardly dire for the city of Inglewood.
CarMax Auto Superstores Inc. has acquired two new-car franchises that it plans to relocate to an auto mall it will build near the San Diego (405) Freeway in Inglewood.
"We fully expect that CarMax will bring in $2 million and up in sales taxes once they are fully operational." said Mayor Roosevelt Dorn. "That will easily compensate for the $1 million a year the city netted from having the Lakers and the Kings here."
In addition to the two dealerships acquired this month, CarMax plans to open ...