Published On: Wed, Jul 21st, 2021

Anaheim Could Lose $96 Million for Alleged Stadium Sale Violation

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The City of Anaheim, Calif., could lose $96 million if the Angels baseball stadium sale violated state law. During a July 20 city council meeting, staff clarified how Anaheim might have violated state law during the sale of the stadium to SRB Management, led by Angels owner Arte Moreno and family. The Department of Housing and Community Development sent a letter to the city, alleging it failed to “send out notice to the affordable housing sponsors and relevant government agencies and give them 60 days to respond as to whether or not they would be interested in negotiating a purchase of the property,” city attorney Robert Fabela said July 20. The sale was approved by council in December 2019, prior to the Jan. 1 enactment of California’s Surplus Land Act (SLA), which makes it a requirement for the sale of local agency, county, and special district land to be made available to affordable housing sponsors and government agencies. SRB Management paid $150 million to buy 150 acres of city land, including Angels Stadium, and …

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