A Chinese developer wants to build a $450 million “residential, hotel and retail complex” next to Angel Stadium in Anaheim, according to the Los Angeles Times:
Plans call for a mega-development complete with a 28-story condo tower, a 26-story hotel, a theater, alfresco dining and an indoor surfing park. The Anaheim project — planned on 14 acres at the corner of State College Boulevard and Orangewood Avenue — is part of a wave of Asian investment in large-scale Southern California developments.
That’s just fine and dandy, and only goes to show that giving a huge swath of land to Angels owner Arte Moreno for $1 probably isn’t the only way to get development to happen in that area. (Unless LT Global Investment Inc. is looking to get subsidies as well — they already bought the land — in which case never mind.) The new development would be required to provide parking, however, and the only available parking is on the Angels’ lot, and the Angels are none too happy about signing off on that:
“We need this land for our parking operations,” Angels spokeswoman Marie Garvey said.
In a letter to the city in late March, the Angels urged Anaheim to reject LT’s development because it “does not have the rights to all of the land necessary to develop and operate its proposed project.”
So, we have yet another potential standoff regarding the Angels, to go along with how much Moreno would have to pay for the land he wants to develop and how much he’d then put into stadium renovations and whether he’s going to move to Tustin despite Tustin officials not wanting to give him free land either. That new negotiator sure has his work cut out for him, let’s leave it at that.