Category: SRB Management

Anaheim Could Lose $96 Million for Alleged Stadium Sale Violation

July 21, 2021
Affordable HousingANAHEIMAnaheim City CouncilAngels StadiumArte MorenoBaseballCaliforniaLocal NewsOrange CountyRegional-Local NewsSouthern CaliforniaSRB ManagementUS
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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…

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Anaheim Council to Discuss Whether Stadium Sale Violated State Law

July 16, 2021
ANAHEIMAnaheim City CouncilAngel StadiumCaliforniaDepartment of Housing and Community DevelopmentLocal NewsRegional-Local NewsSouthern CaliforniaSRB Managementsurplus land actUS
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City council in Anaheim, Calif. will probe bureaucrats on the sale of Angel Stadium following accusations the transaction violated state law. Council is expected to ask staff questions July 20 regarding the Department of Housing and Community Development’s (HCD) April 28 letter to the city, alleging a surplus land act (SLA) violation in the Angel Stadium deal. “In my opinion, there were lost opportunities…

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