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Jennifer L. Hall
From:Gene Levesque <
Sent:Monday, September 28, 2020 9:28 AM
To:Loretta Day
Subject:Angel Stadium
To the Mayor and City Council,
As an Anaheim Real Estate Broker and agent for over 16 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, yet the
city plans to sell the 153 acre stadium property to Moreno for $150 Million ( less than $1
Million/acre) and the deal includes the Stadium and 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.
I DO NOT support the City selling the Stadium property with the current plan. VOTE NO, AND
WORK ON A FAIR DEAL FOR THE ANAHEIM TAXPAYERS!!!
As our leaders, I hope you will look closely at what this proposed agreement and plan DOES NOT
OFFER....NAMELY, THE MARKET VALUE FOR THE PROPERTY ( $150Mil for 153 acres, how much
do the taxpayers get for the Stadium and the Grove? $0...that's how much!). Your NO VOTE CAN
take Anaheim and their residents to the next level.
Please do the proper thing and VOTE NO. THIS IS NOT a great deal for the City of Anaheim.
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Gene
Levesque
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Anaheim, CA
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