The Anaheim City Council voted unanimously late Tuesday night to halt the sale of Angel Stadium and the surrounding property.
The Anaheim City Council voted unanimously late Tuesday night to kill the sale of Angel Stadium and the surrounding property, in the process bracing for what city councilmen said could be a long and nasty legal battle with Angels owner Arte Moreno.
Under the terms of the sale agreement, if Anaheim kills the deal, the city could refund the $50 million Arte Moreno already has put into escrow, plus up to $5 million in his “transaction costs” and potential legal fees. However, the city’s preliminary legal position is that the alleged fraud might relieve the city of that burden – and could trigger a court to order Arte Moreno’s company to pay the city’s legal costs.
The council meeting had the flavor of a revival, or a pep rally. The business interests that routinely speak up in favor of the deal were silent, in the week after the longtime leader of the Anaheim chamber of commerce was charged with fraud. The city had agreed to a $320-million sale of the 150-acre site, which would have blossomed from an aging stadium surrounded by a sea of parking lots into a modern ballpark anchored amid a residential and retail village, where fans could come early to dine and avoid traffic or live within walking distance of baseball games and other entertainment options.
However, in the wake of an FBI affidavit made public last week that alleged Sidhu provided confidential information to the Angels about the city’s appraisal of the property, several speakers said the first order of business should be a new appraisal. Sidhu’s attorney has denied that allegation, and the alleged purpose of the information sharing: to secure a million-dollar campaign contribution from the Angels.
Norge Siste Nytt, Norge Overskrifter
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