LOS ANGELES (AP) — Analysts say Madison Square Garden Inc.’s pending purchase of the Forum outside Los Angeles would give the New York City company a solid outpost in the nation’s second most populous metro area.

Gabelli & Company Inc. analyst Christopher Marangi said Friday that owning the Forum would let Madison Square Garden book concerts across a block of venues nationwide, including its current properties in New York, Boston and Chicago.

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Once known as the “Fabulous Forum,” the Inglewood arena was home to the NBA’s Lakers and the NHL’s Kings until 1999, when they left for the Staples Center.

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Marangi says he doesn’t expect many sporting events in the Forum.

MSG confirmed this week it is close to purchasing the venue from a church, but has not said how much it would pay.

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