
“Angel Stadium’s Uncertain Future: Will Nostalgia Spark Renovation or Relocation?”
That was the promise behind the two previous versions of a deal: The Angels would pay to renovate the stadium and build a village around it, and the city would reap the tax dollars from development.
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In 2013, then-mayor Tom Tait essentially torpedoed the deal that city staff and consultants had negotiated with Moreno, arguing that leasing the property to the Angels for $1 per year made no sense when the land was worth hundreds of millions of dollars.
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