Did Anaheim get a fair price for the Angel Stadium property?
LA TimesThe Anaheim City Council did not meet in person Tuesday, so there were no ceremonial handshakes or fist pumps, no obligatory photo opportunity of council members donning Angels caps and smiling. The team’s owner would buy the city-owned stadium and the adjacent parking lots, refurbish or replace Angel Stadium at his cost, and convert more than 100 acres of surrounding asphalt into an urban village that would generate millions in tax revenue for the city every year. Councilwoman Denise Barnes congratulated Angels owner Arte Moreno and his newly formed development company for striking “an incredible deal for yourselves.” Barnes also chided Sidhu: “When you say ‘Anaheim First,’ you must mean Los Angeles Angels first.” Sports Anaheim City Council approves $150-million cash stadium sale to Angels owner The council votes 5-2 to sell the stadium and surrounding land to Angels owner Arte Moreno in a deal designed to keep the team in town through 2050. For two decades, Anaheim had pushed its “Platinum Triangle” vision: a live-work destination distinguished from generic urban settings by what the city called “world champion entertainment” and “entertainment-related development associated with Angel Stadium.” The City Council last year again bet on that vision. Wolff said the A’s also ought to consider duplicating at the Coliseum site what the Angels are doing in Anaheim: revitalizing an aging stadium and replacing the surrounding parking lots with a ballpark village, taking advantage of easy access via freeway and mass transit.