It could be years before Anaheim gets paid for Angel Stadium property

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It could be years before Anaheim gets paid for Angel Stadium property
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The Anaheim City Council is expected to approve a sale of the Angel Stadium property next week, but the city could wait several years for most of its money.

The Anaheim City Council is expected to approve a sale of the Angel Stadium property next week, but the city may have to wait until midway through the next decade to get most of its money, according to sale documents released by the city Tuesday.agreed to buy the 153-acre site for $325 million.

for the development of a new Major League Soccer stadium. The Angels have not said whether they plan to rebuild or replace Angel Stadium. The city released an economic impact summary Wednesday, based on a study conducted by RCLCO, a Los Angeles-based real estate advisory company. The city did not release the study.

Mike Lyster, the city spokesman, said that figure included property taxes and sales taxes, as well as the tourist taxes from a possible hotel on the site.

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