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By the 1990s both the Great Western Forum and the LA Memorial Sports Arena had become second rate arenas in the NBA. A new modern state of the art arena with more amenities including luxury boxes and club seats was needed for the Lakers and Clippers. Privately financed, construction of the $375 million Staples Center began in March 1998. Staples Inc. purchased the naming rights for $100 million over 20 years. Built near downtown Los Angeles, the Staples Center became the home of the Lakers and Clippers in 1999. With a seating capacity of just under 19,000, the Staples Center has many amenities that the Lakers and Clippers former home’s did not have. It has 160 luxury suites, 2,500 club seats and 32 party suites. Fans attending games at the Staples Center can check out the Fox Sports SkyBox Restaurant, the City View Grille, the Grand Reserve Club and the Team LA store. Since its opening, the Lakers have won three NBA Championships while the Clippers have had one winning season. Thus, the Clippers are still known as LA’s second team. Other than being the home of two NBA teams, the Staples Center is home of the Los Angeles Kings (NHL) and many other events.