07 & 08 (217)
Public Comment
From:Konstantinos Roditis <
Sent:Tuesday, September 29, 2020 11:54 AM
To:Public Comment
Subject:SRB Management - Item # 7
This is a terrible deal and this not a private-public partnership, this is a textbook definition of
cronyism.
The City initially sold 150 acres for $320 million. If we use the initial sales prices SRB Management is
coming back to the City and residents of Anaheim and saying. From the 5,175 residential dwelling
units, we will build, the City of Anaheim will pay us $123 million for 466 affordable homes.
That means we are paying $2,673,913.04 so SRB Management can provide discounted rent.
SRB Management also wants you to believe that renters and/or owners just want a home and having
something like a park to accommodate the fifteen to twenty-five thousand residents that will live here.
They need to provide something like a park, so they are asking Anaheim residents to pay them $46
million for a 7-acre park.
SRB Management will also be able to take advantage of state and federal funds, which is good for
them. This should be taken also into consideration.
As I have warned you in December this deal would turn out something like this and the residents
would get angry and you would be sure to have three things.
1. Lawsuit (Happening)
2. Recall (Recall effort against the Mayor is underway)
3. Ballot Initiative (Pending)
As you may know, I co-chaired a statewide ballot initiative and many people have asked me to do a
ballot initiative to reverse this deal. I am well experienced in doing this.
If I do take this task on here is the basic premise of the ballot initiative.
The deal would be canceled as it never happened.
The land if sold would have to go to a competitive bid, and voters would decide on the winner.
Finally, any development, sports, entertainment venue, etc. Must include Anaheim in its name
and no other locality or municipality, including but not limited to Los Angeles can be used or
utilized.
Therefore, I would reject this deal. If you believe this is a good deal. Then let the citizens of Anaheim
vote on this and approve it.
With hundreds of millions of dollars in unfunded pension liability, giving up $170 million would not be
wise.
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Also, let me remind you this is Anaheim, in Southern California. When the Chargers left San Diego,
the City didn't suffer. Our land is more valuable without a team there. Therefore, if we want the Angels
to stay in Anaheim then it should be a mutually beneficial arrangement. This only benefits SRB
Management, not the City of Anaheim.
So please do the right thing while you still can.
Konstantinos Roditis
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