Wednesday, May 25, 2022

"The Anaheim City Council voted unanimously late Tuesday night to kill the sale of Angel Stadium and the surrounding property"


the Angels remain under a lease that binds the team to Angel Stadium through at least 2029.


Under the terms of the sale agreement, if Anaheim kills the deal, the city could refund the $50 million [the Angels owner] already has put into escrow, plus up to $5 million in his “transaction costs” and potential legal fees. However, the city’s preliminary legal position is that the alleged fraud might relieve the city of that burden – and could trigger a court to order [the Angels owner]’s company to pay the city’s legal costs.


[Anaheim] Councilmen ... all but dared [the Angels owner to sue]. 

The article makes this assertion without qualification:

The city had agreed to a $320-million sale of the 150-acre site, which would have blossomed from an aging stadium surrounded by a sea of parking lots into a modern ballpark anchored amid a residential and retail village, where fans could come early to dine and avoid traffic or live within walking distance of baseball games and other entertainment options.