07 & 08 (2)
Jennifer L. Hall
From:wtcourtney@aol.
Sent:Tuesday, September 22, 2020 10:36 AM
To:Big A
Subject:Bad to Worse
As an Anaheim Real Estate Broker for over 35 years, I am shocked that the City of Anaheim is willing to give
away over $1 BILLION DOLLARS to a Billionaire! The latest proposal to sell the stadium property to Angels
owner, Arte Moreno, went from Bad to Worse.
The property next door to the stadium parking lot recently sold for over $4 Million/acre and property along the 5
freeway in Anaheim recently sold for nearly $5 Million/acre, yet the city plans to sell the 153 acre stadium
Stadium and the
property to Moreno for $150 Million ( less than $1 Million/acre) and the deal includes the
Grove Theatre for FREE!
This is an outrageous give away of Anaheim taxpayer property, at a time when
Covid-19 has caused an upside down budget for Anaheim. Plus, Moreno has the ability to sell the entire entitled
property for a huge profit. The City should at least include a clause in the transaction that should Moreno decide
to sell, the City has the first right to buy back the property at Moreno's cost, rather than allow him to profit at the
City's miscalculations.
The City states that this is the best deal and the only way to get more would be to nix the stadium and the
Angels, But That is NOT True! The City didn't try to "get more"...they simply catered to Arte Moreno. Maybe the
Samuelis/Ducks, or Disney, or a developer would have offered more for the property and then they could lease
the stadium to the Angels. Then the City gets alot more $$$ and the Angels stay and play in Anaheim! But the
City didn't ask for other offers...they didn't even try!
It seems that someone besides Moreno must be profiting from this deal.
WALLY COURTNEY
1