How much is Angel Stadium land worth? Anaheim's secret is being revealed
, the city is about to disclose just how much it believes the land is worth.
The public will find out Wednesday, four weeks before the Angels face a deadline to opt out of their stadium lease or remain bound to it through 2029. Anaheim City Councilman Jose Moreno said he believes the appraisal is being released because the city and the Angels are close to agreement on a new lease.Angels spokeswoman Marie Garvey declined comment. Mike Lyster, the city spokesman, declined to say whether a deal with the Angels is either in place or imminent.When Anaheim reached a similar deal with the Ducks last winter, the city released the appraisal — and the final agreements — in the week before the council voted to approve them.
The last regularly scheduled council meeting this year takes place Dec. 17, and a vote that day would mean a new Angels lease would have to be completed and disclosed no later than next week.to buy or lease any land, the appraisal is critical. In 2013, the city proposed leasing the land to Angels owner Arte Moreno for $1 per year. That deal collapsed, amid a 2014 appraisal that valued the land at $225 million to $325 million.
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