After three years, the controversial $320 million sale of Angel Stadium in Anaheim, California, is finally close to officially moving forward.
The California Department of Housing and Community Development and the city of Anaheim have reached a $96 million settlement. The city agreed to sell the 150-acre stadium site to a company owned by Angels owner Arte Moreno.
- The agency had previously said the deal violated a California law.
- The law requires affordable housing developers to have the opportunity to buy the public lands first.
- The deal must be officially approved by the City Council and a local court.
The settlement comes about a month after a local court ruled in favor of the city in a lawsuit brought by the People’s Homeless Task Force.
The suit alleged the city didn’t give enough opportunity for public input requirements.
Now, Moreno’s company can go ahead with a plan that includes building a “mini city” with hotels, restaurants, and stores around the stadium — as well as a park and affordable housing.
The deal also means that the Angels will stay in Anaheim until at least 2050.