Anaheim Stadium Development Plans Unveiled

Development plans for the 150 acres of parking lots surrounding Angel Stadium have been unveiled, and the Anaheim City Council is expected to approve the sale of the stadium property.

When the city announced the proposed deal two weeks ago, the headline price for the sale of Angel Stadium and the surrounding parking lots was $325 million. Under the terms of the deal, the actual sale price figures to be less.

The study envisions 4,251 apartments for rent and 709 condominiums for sale, plus a hotel with 943 rooms and offices that would employ 15,390 workers. According to the Los Angeles Times, Angels’ owner Arte Moreno’s company and the city of Anaheim are not expected to commit to a formal development agreement until next year, and the city has said it would like some of the land to be used for parks and open space.

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