Anaheim Could Lose $96 Million for Alleged Stadium Sale Violation
The City of Anaheim, Calif., could lose $96 million if the Angels baseball stadium sale violated state law.
During a July 20 city council meeting, staff clarified how Anaheim might have violated state law during the sale of the stadium to SRB Management, led by Angels owner Arte Moreno and family.
The Department of Housing and Community Development sent a letter to the city, alleging it failed to “send out notice to the affordable housing sponsors and relevant government agencies and give them 60 days to respond as to whether or not they would be interested in negotiating a purchase of the property,” city attorney Robert Fabela said July 20.