The Los Angeles Angels and the City of Anaheim have come together on a new deal that will give the organization full control of its stadium and keep baseball in the area for at least another 30 years.
The City of Anaheim agreed on Tuesday to sell Angel Stadium and the 133 acres of surrounding land for $325 million to SRB Management LLC, of which Angels owner Arte Moreno is a partner. In exchange, the Angels have agreed to stay in Anaheim through at least 2050.
The Angels, who would own their stadium for the first time in their history, have yet to decide whether they will renovate their current facility or build an entirely new one. The next step is a City Council vote on the purchase that will take place in a special meeting on Dec. 20.
The Orange County Register first reported the agreement on Wednesday morning. In a statement released by the team, Moreno thanked Mayor Harry Sidhu and said: “Today is the first step in enabling us to invest in our future by building a winning team and delivering a high-quality fan experience.”
The Angels had until the end of the year to either exercise…