WHAT: Having purchased the Forum for $23 million, Madison Square Garden Co. is sinking another $75 million or so into refurbishing the 46-year-old Inglewood, Calif., arena. The 17,500-seat venue, which can be scaled down to 8,000, will reopen Jan. 15 with the first of three concerts by the Eagles. Gone are scoreboards and any signs of athletic teams as the building becomes strictly a concert and live entertainment hall.

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