The Big A: 2050
We have an approved plan for the future of baseball in Anaheim. We call it The Big A: 2050.
It keeps baseball in Anaheim for the next 30-plus years and has the potential for positive economic impact and community benefit for our city.
The agreement, approved by Anaheim's City Council on Sept. 30 and Oct. 6, 2020, calls for the sale of the stadium and 150 acres of land and outlines development of the area with homes, offices, hotels, shopping, dining and entertainment.
It also commits the Angels to playing in Anaheim through 2050 and beyond.
You can find out a lot more below, with links to overview fact sheets, the proposed master site plan, disposition and development agreement and more.
What’s going on with the Angels and the stadium?
The city and the ownership of Angels Baseball have an agreement to keep Angels Baseball in Anaheim, sell the Angel Stadium of Anaheim site and see development around it with community benefits.
Here’s an overview:
- 2050: The Angels are committed to playing in Anaheim for the next 30 years with options through 2075
- $320 million: SRB Management LLC, made up of Angels owner Arte Moreno and family, is paying $320 million to buy 150 acres of city land, including Angel Stadium of Anaheim. At $2.1 million an acre, the sale is at market value and at the high end of Anaheim’s commissioned appraisal, reflecting potential development and parking for baseball and events.
- Development: stadium land would see apartments, homes, hotels and entertainment uses in coming years as part of Anaheim’s planning for the Platinum Triangle. As land gives way to new uses, Anaheim is projected to see $652 million in new net yearly city revenue from hotel, property and sales taxes through 2050.
- Stadium: Development could also include a renovated or new stadium, led by Angels ownership. There would be no city funding of a renovated or new stadium.
- Community benefits: The agreement requires affordable housing, a flagship city park and union construction jobs with priority hiring for Anaheim residents. The agreement for the final cash payment for the stadium and land calls for a $170 million worth of affordable housing and a flagship park.
The city is selling Angel Stadium of Anaheim?
The city is selling the stadium and 150 acres of land for $320 million.
Anaheim is proud to have built and owned Orange County’s only Major League Baseball stadium since the 1960s.
But the agreement reflects a trend toward private ownership, as with Dodger Stadium, SoFi Stadium in Inglewood and Chase Center in San Francisco, home of the Golden State Warriors.
Selling the Big A, as the stadium is known, would relieve the city of yearly payments toward stadium improvements, currently at $700,000 and totaling $15 million through 2038, the ultimate end date of the current lease. Anaheim would also save annual administrative costs to oversee a stadium lease and agreements with neighboring businesses.
At the same time, the city would forego revenue sharing on ticket sales and parking, which was $1.3 million, and $581,200 after expenses, for the 12 months through June 2019. Any revenue lost stands to be offset by savings Anaheim would see from no longer owning and leasing the stadium.
Selling the stadium also clears up questions about renovating Angel Stadium or building a new stadium. Under the agreement, that will fall to the team’s ownership. Anaheim taxpayers aren’t being asked to pay for anything.
How would development be part of the proposal?
SRB Management has a master site plan for the land as part of Anaheim’s planning for the Platinum Triangle, the 820-acre area including Angel Stadium, Honda Center, apartments, condominiums and other businesses.
This would help Anaheim realize the Platinum Triangle vision as a downtown for Orange County with sports, homes, restaurants, shopping, entertainment, offices and transit.
As seen around California and the nation, stadiums and arenas in conjunction with development is the new standard.
What plays out in the Platinum Triangle will be distinctly Anaheim. But there is inspiration to be found across California and the country.
A good example is Golden 1 Center, home to the Sacramento Kings basketball team, which has revitalized California’s capital city with the surrounding Downtown Commons and its dining, shopping, entertainment and a boutique hotel.
There’s also San Diego’s Petco Park with its skyline views, a hotel connected by its own entry bridge and the restaurants and entertainment of the Gaslamp Quarter next door.
Will there be a new stadium?
A master site plan submitted for the stadium site includes the option for both renovating the current Angel Stadium of Anaheim or building a new stadium just to the east alongside the Santa Ana River. That will be determined later.
What is the community benefits portion of the agreement?
In addition to selling the stadium and land, Anaheim is including affordable housing and a flagship city park, above and beyond what we’d normally see, as part of any future development.
There's also a labor agreement for major parts of the project, ensuring good paying union jobs and placing a priority on hiring Anaheim residents. The labor agreement is not part of the purchase price.
Why a community benefits payment?
Anaheim is taking part of the $320 million in payment for the stadium and land in affordable housing and a flagship park.
With nearly 700 acres of city park space and more than 3,500 affordable apartments, Anaheim already does a great job. But we can’t add either fast enough.
The biggest hurdles are land and getting developers to build. With this proposal, Anaheim is asking the Angels ownership to do more and include affordable housing and extra park space from the start as an integral part of the project.
Here's how the $170 million community benefit payment breaks down:
- $123.7 million: 466 affordable apartments to be included within market-rate apartment complexes
- $46.2 million: 7-acre flagship city park with $25 million in building costs, $14.7 million for land, $6.3 million in ongoing maintenance costs
The affordable housing will be what's known as inclusionary, which blends affordable apartments alongside market-rate apartments with no distinction between them.
The goal is to create an economically mixed community where working people and families live alongside others in what will be some of Anaheim's nicest apartments and in what will be one of the city's most desirable communities.
The park will go well beyond an everyday park with extensive landscaping, mature trees, fountains, experience spaces, art, play areas, open spaces and free public parking.
The idea is for an iconic park like, while smaller in size, San Diego's Balboa Park or Griffith in Los Angeles. The best example of similar size and cost is Santa Monica's Tongva Park, a 6.2-acre, $42 million park opened in 2013 and considered one of Southern California's best parks.
Anaheim has sought a large, central park for the Platinum Triangle for years. Along with affordable housing, Anaheim will have to pay one way or another for these valuable community benefits.
Including these in the agreement ensures affordable housing and a park in a stadium land master site plan, while still keeping ample land sale proceeds to invest in our community.
What about the city’s land appraisal?
You can find a fact sheet summary and the full appraisal above. The only change: We're selling 150 acres for $320 million, instead of 152 for $325 million. Anaheim is keeping roughly 2 acres for an existing water well and a future fire station for the Platinum Triangle.
The $320 million sale value is at the high end of the appraisal’s range for keeping baseball with 12,500 parking spots for games and events and potential development.
Is the city selling the land for less than it’s worth?
No. The city is selling at market value for land used for baseball, with 12,500 parking spots and potential development.
The only way to see a higher price would be without baseball, and the city's goal was to keep baseball in Anaheim.
Will the team be called the Anaheim Angels?
The agreement does not address the team name.
As a city, we always want to see the Anaheim name as prominent as possible. We brought up the issue during negotiations, and it was clear it wasn’t up for discussion.
The city earlier fought the name issue in court, without success. In the mid-2000s, the city sued over the team’s name, spending $7 million and three years in litigation.
A jury decided in 2006 that the official team name meets the technical terms of the stadium lease and that the team has discretion in how it markets itself.
That decision was upheld on appeal in 2007.
Anaheim's City Council approved the agreement on Sept. 30 and on Oct. 6, 2020.
The agreement calls for closure of a sale in late 2021 or early 2022 with city review and approval of what is known as a vesting tentative tract map dividing up the land for development.
How is the $150 million cash portion paid?
Here's a breakdown:
- $5 million: paid Dec. 21, 2019, with initial purchase and sale agreement approval by Anaheim City Council
- $45 million: due 10 days after City Council final approval of agreement, in October 2020
- $20 million: due upon city approval of a vesting tentative tract map, projected in late 2021 at earliest
- $80 million: in four, equal yearly payments after close