Anaheim and the Los Angeles Angels appear to be in exclusive negotiations as a December opt-out deadline nears.
Whether the 13-acre plot of land known as the “elephant lot” winds up “a home run or a slam dunk,” the city is sure to attract a sports team, entertainment company or other top level venue, the mayor said, without specifying any particular teams or businesses.
Anaheim’s Mayor Harry Sidhu will be part of a team that will lead negotiations with the Los Angeles Angels. Some members objected to his nomination because of his financial ties to the team.
Both Anaheim and Long Beach say it could be months before a direction is clearer as to where the Los Angeles Angels will call home in the future.
Documents released this week revealed the work that’s gone into the massive task of a Downtown ballpark, and the enthusiasm local officials have harbored toward the idea for years.
Ever since the Long Beach Post broke the story in February about the city being engaged in talks with the Angels, the only information that’s come to people not directly involved in the talks has come from the media.
As part of its overture to the Los Angeles Angels, the city commissioned a study in 2017 comparing a dozen venues to scale and how they would fit in a 13-acre waterfront lot.
Many of the financing options would entail the issuance of general obligation bonds or the “creation of new revenue streams”—which would require voter approval.
The loss of the Arena—which has hosted big names such as Led Zeppelin, the Rolling Stones and the Who in the 1970s, as well as the venue for volleyball in the 1984 Olympics—would have significant financial impact.
While the city has remained quiet on the nature of the talks with the Angels, recent deals could show what tax breaks and other incentives Long Beach might offer the team.