The City of Anaheim has reached an agreement with the California Attorney General’s Office over the sale of Angel Stadium. The deal, which is expected to be finalized Tuesday, will resolve a legal dispute over the state Surplus Land Act and lead to the largest expansion of affordable housing in Anaheim’s history.
The state Department of Housing and Community Development has accused Anaheim of violating the Surplus Land Act in the secret negotiations for the sale of Angel Stadium. That’s a contention the city still denies.
The city has been fined $96 million, which will fund roughly 1,000 affordable housing units around the city. $27.7 million will be spent to build affordable housing on the Angel Stadium site.
"We welcome this proposed agreement with our state partners," Anaheim Mayor Harry Sidhu said in a press release. "It would move our stadium plan forward and bring with it the largest investment in affordable housing in our city's history. On behalf of Anaheim, I extend our appreciation to California for working with us to find a path forward. I welcome the opportunity to consider this agreement with my City Council colleagues."
Sidhu said Angels owner Arte Moreno will cover the $96 million fine through his SRB Management development company. The city won’t lose any money from the stadium sale, according to Sidhu.
Read more about the agreement at Voice of OC.