07 & 08 (155)
Jennifer L. Hall
From:Loretta Day
Sent:Monday, September 28, 2020 4:42 PM
To:Denise Barnes; Jordan Brandman; Jose Moreno; Lucille Kring; Lucille Kring; Harry
Sidhu (Mayor); Stephen Faessel; Trevor O'Neil
Cc:Theresa Bass; Jennifer L. Hall; Amanda Edinger; Annie Mezzacappa; Cynthia Ward;
Daniel Fierro; Helen Myers; Justin Glover; Karen Romero Estrada; Maria Gonzalez;
Marisol Ramirez; Nam Bartash; Samantha Saenz; Sarah Bartczak
Subject:RE: Opposed - Anaheim Stadium Sale - Item #7
From: Andy Morales <
Sent: Monday, September 28, 2020 1:33 PM
To: Loretta Day <LDay@anaheim.net>
Subject: Anaheim Stadium Sale
Hello,
I am a life long resident of Anaheim for over 57 years, a second generation Anaheim business owner.
I just wanted to express my extreme concern about the proposed sale of one of the City's biggest
assets.
I can't see in any way the how the proposed sale agreement as presented to the public is good for the
City or it's residents. When I first learned that the stadium was to be sold for $350 million my first
thought was " that price sounds really low for 150+ acres" in that location. In doing a little research my
thoughts were indeed correct with surrounding parcels going for considerably more money. Then as
this story unfolds the price has been lowered again by roughly half. The explanation being that he is
going to build a park and some housing? I am not sure what the reason would be for the reduction,
maybe to reduce property taxes?
I don't see in this agreement that he is bound by any reasonable time frames to complete the housing
or park. Or why are we reducing the price to have SRB/MORENO to design and construct. If the City
is in need of a $170 million park and housing why doesn't the City do it on its own?
So I guess my question would be is WHY? Why would the Mayor and the council vote to give a
billionaire an iconic long time Anaheim asset for less then half price? This is the same billionaire that
sued our City to REMOVE the Anaheim name from it's team name that it was contractually bound by
when he purchased the team. Mr. Moreno has made numerous attempts to move the team to other
locations when he doesn't get what he wants. The bottom line is Mr Moreno has no loyalty to
Anaheim or it's residents. His actions in dealing with the City has proved this during his ownership of
the team. Anaheim does not owe Mr. Moreno a dime for anything much less giving him this property
for a fraction of its value. Mr. Moreno purchased a World Series winning team and much to my
dismay, I have watched over the years how his stewardship of it has driven this team to the bottom of
the league. I guess this proposed deal is a reward of several hundred million dollars from the City for
something that I am not understanding.
The past history of Mr. Moreno and his dealings with the City leads me to believe that he can't be
trusted to live up to any agreement that he and the City would engage into. A few years down the
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road and he will be back at the table to renegotiate. This proposed convoluted arrangement is ripe for
this to take place. And the City residents will be the ones that this impacts. Years of court and legal
fees to come with this agreement as proposed in my opinion.
Just as an example, what if after the SRB/MORENO group takes control of the property and they
decide to sell some or all to another group or entity for a huge profit. That would make this City
council's decision on this proposed agreement look even more foolish and irresponsible.
In my opinion the structure of any agreement with SRB/MORENO group should be straightforward
and should be a set price for the land and stadium and it be a done deal. No reduce the price for this
or that or thresholds that have to be met. Very simple!
Why should this sale be any different then any other land transaction by the City that would involve
public discussions, appraisals and open market bidding for this property. There seems to be a very
fast push to ram this deal through with little to no oversight. I don't believe the SRB/MORENO group
are the only ones that would be interested in this property.
I guess I could keep going on but I will stop with this. I believe the proposed agreement as it stands is
a bad deal for Anaheim and should be flatly rejected with a "NO" vote by the City Council.
Alex Morales
Anaheim Resident and Business Owner
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