Anaheim City Council approves $150-million cash stadium sale to Angels owner

The Anaheim City Council voted early Wednesday to approve a revised deal with Angels owner Arte Moreno, selling Angel Stadium and the surrounding land for $150 million in cash in return for the team’s commitment to stay in Anaheim through 2050.

a sign above a store with Angel Stadium of Anaheim in the background: Angel Stadium in Anaheim. (Danny Moloshok / Associated Press)

© (Danny Moloshok / Associated Press)
Angel Stadium in Anaheim. (Danny Moloshok / Associated Press)

The council had voted last December to sell the 150-acre site to Moreno’s company, SRB Management, for $325 million. The city this month proposed to credit SRB for $170 million of that price, with the company agreeing to build almost 500 units of affordable housing and a seven-acre park within the community that will rise from the stadium parking lots.

After almost eight hours of debate — and after 1:30 a.m. Wednesday — the council approved the revised deal on a 5-2 vote, with Council Members Jose Moreno and Denise Barnes opposed. The council

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