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The Los Angeles Angels are currently exploring options for a new home baseball stadium after opting out of the team’s previous lease with the city of Anaheim last October. The previous lease would have kept the team at Angel Stadium of Anaheim through the 2029 MLB season. However, the Angels have signed a new one year lease extension that will keep the team at Angel Stadium of Anaheim through the 2020 MLB season. Until then, the Anaheim City Council (who approved the lease) and Angels owner Arte Moreno will explore whether to renovate Angel Stadium of Anaheim or build a new stadium nearby.
There is a possibility that the Los Angeles Angels could relocate to nearby Los Angeles County; a move that’s possible because the club shares territorial rights with the Los Angeles Dodgers. The new stadium, in all likelihood, would be financed privately by the Angels organization. The local California tax bases do not have the funds to pay for a new baseball stadium. The Los Angeles Angels recently sought an appraisal of Angel Stadium of Anaheim to aid them in the decision making process.
The city of Anaheim has a new Mayor and city council members that are catching up to speed on the Angels Stadium ordeal and will play an integral role in whether the team leaves or stays in Anaheim. The NHL’s Anaheim Ducks recently signed a long-term lease with the Honda Center which is located a stone’s throw away from Angel Stadium of Anaheim.
The city of Anaheim has shown strong interest in developing the area outside of Angel Stadium with the addition of more bars, restaurants, and retail. Angel Stadium is currently the fourth-oldest ballpark in Major League Baseball behind Dodger Stadium (Los Angeles Dodgers), Fenway Park (Boston Red Sox), and Wrigley Field (Chicago Cubs). The Anaheim City Council should keep in mind that cities like Portland and Montreal are chomping at the bit for a Major League Baseball team.
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