The Los Angeles Clippers have received final approval from Inglewood to begin construction on a brand new arena.

The organization will purchase publicly owned land for $66.25 million for the agreement.

Clippers owner Steve Ballmer wants to have an 18,000 seat arena along with a practice facility and corporate offices.

The full estimated project is worth around $1.2 billion.

The new stadium is set for construction in 2021 and projected to open by 2024.

“Every part of [Inglewood Basketball and Entertainment Center] is being designed with purpose — with an unapologetic intensity that will define the experience together for players, musical talent and fans alike. This arena will prove, beyond a shadow of a doubt, that there is no replacement for live basketball and entertainment,” said Clippers president of business operations Gillian Zucker.