Hey, remember almost two years ago when the Los Angeles Angels were threatening to build a new stadium in the Orange County city of Tustin? Vaguely? I’d largely forgotten about the whole thing once Tustin officials said they wanted to receive fair market value for any stadium land, but apparently Angels owner Arte Moreno hadn’t given up on the plan. Until now:
The developer of the proposed Tustin site said his firm worked extensively in recent months on a ballpark project, but could not structure a deal that made economic sense for the development company, for Tustin and for the Angels…
The two sides are believed to have focused on a stadium that would have seated about 37,000 and cost about $700 million. Tustin officials had said they would not provide taxpayer funding for stadium construction.
“At this point, there’s not a path forward that’s economically viable for anyone,” Oliver said.
Instead, Moreno has now reopened talks with the city of Anaheim about a deal to renovate the team’s current stadium, which could get very interesting indeed. Anaheim Mayor Tom Tait is one of the more skeptical local officials on the subject of stadium subsidies, and has been insistent that he won’t give away valuable development rights to Moreno for nothing; a majority of the city council, though, still consists (until the November elections, at least) of members who approved the free-land deal that Tait later scuttled. Tait says he hopes to come to an agreement that’s a “win-win” for both the team and the people of Anaheim; if most mayors said that I’d expect it was just empty rhetoric, but Tait seems to actually mean it, so … yeah, very interesting times indeed.