The state-of-the-art facility opened in March 2000, showcasing the second largest tennis stadium in the world and a full-service year-round tennis club. Former #1 US Player, tournament chairman and owner of the BNP Paribas Open, Charlie Pasarell, together with his partner, former player and owner, Raymond Moore had formed PM Sports Management Company and they teamed with Mark McCormack's International Management Group to privately fund the $77 million dynamic development. Pasarell's vision was to create the best tennis facility at the dawning of a new century for everyone involved—both professional and amateur players, spectators, sponsors and the media. This is the standard by which all tennis facilities past, present, and future, will be judged.
In 2006, International Management Group was bought out by a group of private investors including Tennis Magazine owners George Mackin and Bob Miller, Pete Sampras, Chris Evert, Billie Jean King, Greg Norman, Charlie Pasarell, and Raymond Moore.
By late December 2009, the Indian Wells Tennis Garden and the BNP Paribas Open announced Larry Ellison, co-founder and CEO of Oracle Corporation (pictured right), who formed Tennis Ventures, LLC. became the new owner of the professional tennis tournament and the Indian Wells Tennis Garden. Mr. Ellison has continued the passionate vision of evolving the tournament as one of the best events for all those who participate—the players, sponsors, media and fans.
In addition to the 16,100 seat Stadium 1, which includes 44 stadium suites, broadcast and media facilities and an 8,000 sq. ft. food commissary, the Tennis Garden opened a permanent Stadium 2 in 2014, with 8,000 seats and three fine dining restaurants, one of which is Nobu, the world-famous Japanese restaurant. The site also features two 19,000 square foot shade structures, 29 world-class courts, eight acres of outdoor exposition space and 54 acres of outdoor parking.