Column: The first two stadium deals collapsed. Why would the Angels and Anaheim try again?
with restaurants, shops, concert halls, parks, homes and offices. It’s a short walk across Katella Avenue from there to Angel Stadium. Angels fans could enjoy that stadium village, even if Moreno builds nothing in the Angel Stadium parking lot.
The political environment could be turbulent. In April, the city plans to hire a firm to evaluate the condition of the 58-year-old stadium and provide recommendations for upkeep and upgrades, after whichAfter the collapse of the stadium deal last year, amid the FBI probe that generated the allegations against Sidhu and fraud convictions against the president of the Anaheim chamber of commerce, the city commissioned an independent investigation.
The city would have been out of the stadium business, in which it was not making money. The Angels would have picked up the costs of renovating the stadium, or building a new one. The city would have generated a projected $652 million in tax revenue over 30 years from development, the costs of which would be borne by Moreno and/or development partners. The Angels would have pledged to play in Anaheim through 2050. The city would have gained more than 6,000 new homes.
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