LA Sports Arena, Home to Huge 20th Century Moments, Closing

City leaders are holding a closing ceremony Thursday for the building that hosted to some of the 20th century's biggest moments in sports, politics and rock 'n' roll.

In recent decades it has lived in the shadow of its younger, sexier companions the Forum and Staples Center.

But the building was once home to the Lakers and the Clippers, rocked with Bob Dylan, James Brown, Madonna and Bruce Springsteen, and saw the nomination of John F. Kennedy at the Democratic Convention of 1960.

Now, the place Springsteen called "the dump that jumps" and "the joint that don't disappoint" will be razed to make way for a stadium for the city's new Major League Soccer franchise.