INGLEWOOD, CA-Executives from Madison Square Garden Co. unveiled a first look at the $50-million revitalization of the Forum yesterday. They also said the revamped venue will reopen January 15, 2014 with a show by the Eagles, who will perform for three nights.

MSG acquired the Forum in June, 2012 for $23.5 million from the Faithful Central Bible Church, which purchased the facilty in 2000 and used it for church services while also leasing it for concerts and sporting events. The one-time home of basketball's L.A. Lakers and hockey's L.A. Kings, the Forum was eclipsed when Staples Center opened in downtown L.A., with the sports teams decamping in 1999.

“Since we first explored the opportunity to acquire the Forum and expand the Madison Square Garden Co.'s presence on the West Coast, our vision has been clear: return the venue to its celebrated position as one of the most beloved and well-known venues in the country for the benefit of the community, fans and performers for generations to come,” says James L. Dolan, executive chairman, the Madison Square Garden Co. “We are pleased with the substantial progress on our ambitious plans, and starting with the Eagles in January, the Forum will return to its rightful position as a thriving destination for both artists and music fans.”