Anaheim mayor Harry Sidhu said the Angels must pay market rate to buy or lease land around Angel Stadium, but the definition of 'market prices' could be debated.
As the Angels prepare to negotiate a potential new lease with Anaheim, they’re making one thing clear: Their name will remain the Los Angeles Angels.. He appeared to acknowledge the city could realize maximum value for the land by selling it all for housing, although he said it would be “shortsighted” to do so because other uses would bring recurring tax revenue to the city.
“You’ll hear some argue for unrealistic prices,” he said, “based on what we might see if we sold all of the land for housing.” The City Council appears to have taken its control over that option off the table even before the start of negotiations, however.Advertisement The Angels could decide to play out their current lease through 2029, with its requirement for 12,500 on-site parking spaces. That requirement would stand even if the city sells or leases part of the parking lot to outside developers, limiting the amount of land available for development.
The current lease also would give the Angels veto rights over any housing on the property, since the lease limits parking lot uses to shops, restaurants, hotels, offices, entertainment and exhibition facilities, a youth sports facility, and a professional football stadium.
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