The iconic STAPLES Center in Los Angeles is celebrating its 20-year anniversary this week. Founded in 1999, the arena has grown into a world-class facility — on par with New York’s Madison Square Garden and London’s O2 Arena — and is now home to four professional sports teams, including the NBA’s Lakers and Clippers. Yet opening STAPLES two decades ago in the less-than-thriving downtown City of Angels was a risky bet. “The success of STAPLES Center was never guaranteed,” said Lee Zeidman, the president of STAPLES Center and L.A. Live, an adjacent entertainment center. “Nobody went downtown. It rolled up its carpet and closed at 5 p.m.” Today, STAPLES draws enormous crowds to its events, which range from basketball to hockey to the Grammy Awards. In total, the arena has held 5,000 events, welcomed 75 million fans, and sold over 20 million beers. The arena is also gearing up for a major event in the sports world next week: the NBA’s October 22 opening night matchup between the teams that call it home: the Lakers and the Clippers. “We will be the center of the NBA universe,” said Zeidman, who was the arena's first full-time employee 20 years ago. “It is one of the most anticipated opening night games in the history of the NBA."

Share:
More In Culture
Lean In CEO Details Circles Program for Women, Tackling the Gender Pay Gap
Rachel Thomas, the co-founder and CEO of the non-profit Lean In, joined Cheddar amid Women's History Month, to discuss how the organization is taking on issues that continue to impact the workplace through its Circles program. "These are a program that brings women together in small groups, usually 8 to 12, for support, camaraderie, and to learn together," she said. "We also we have a lot of curriculum so women can learn how to navigate workplace biases, how to negotiate with women." Thomas also applauded President Biden's recent call to action on equal pay for women, noting that businesses must do more to be cognizant of inherent gender and racial biases.
Shoppers Reaching Their Limits as Inflation Weighs on Wallets
With the highest inflation in 40 years, some retailers say shoppers are reaching their limits. Efforts to charge more for items are being met with new resistance from customers, especially on lower-priced apparel and furniture. Marshal Cohen, the chief retail industry analyst at market researcher NPD Group, joined Cheddar's Opening Bell to discuss the latest trends in consumer spending and how the hike in interest rates might impact wallets moving forward. "What's really impacting the consumer: higher prices, less promotions." He also noted other headwinds for the economy on the horizon including skimpier tax refunds for those who took advantage of child credits and student loan repayments possibly restarting.
Caroline Aaron on Playing 'Creature of the Heart' Shirley on 'Mrs. Maisel'
Caroline Aaron, who plays matriarch Shirley Maisel on Amazon Prime's "The Marvelous Mrs. Maisel," joined Cheddar News to talk about her "thrilling" turn as the character as well as what to expect in Season Five. “It's very exciting actually to be a part of something so iconic. It's New York, it's the 1950s, and it's about women, so it's like all this and heaven, too," she said. "What it's been like to play Shirley is to walk around with your heart on the outside of your body." The award-winning show will be ending with its fifth season.
The Perks of Having a Business Mentor
Sandra Magallon, Midwest Divison Area Manager at JPMorgan Chase, joins ChedHER to discuss the perks of having a business mentor, and what business owners can learn from Chase's Curated Coaching for Entrepreneurs experience.
Load More