:quality(75))
Stan Kroenke’s move to buy a controlling stake in the Los Angeles Angels is already rippling through Anaheim, where city leaders see a chance to revive long‑stalled conversations about redeveloping the land around Angel Stadium.
With a team owner known for turning stadium districts into billion‑dollar mixed‑use engines, the acquisition signals that one of Orange County’s most valuable development sites may finally be back in play.
Angel Stadium is owned by the city of Anaheim, but the previous owner of the team, Arte Moreno, had been in talks to buy the stadium and approximately 150 acres around it.
A deal between the city and Moreno was in the works but went off the tracks in 2022 amid a scandal and federal investigation. The then-mayor of Anaheim went to jail on corruption charges connected to the failed deal.
Talks about a stadium and land sale never resumed between the city and team, but the sale to Kroenke has Anaheim Mayor Ashleigh Aitken feeling hopeful that the lines of communication could open again.
“Not to put the cart ahead of the horse, but if the deal goes through, and if it’s approved by Major League Baseball, then I’m very hopeful that he’s going to want to work with the city to come up with a really innovative development plan that would benefit the residents,” Aitken told The Athletic.
The area around Angel Stadium is in pricey Orange County. A mile away, another team owner has seen the promise of the area and is investing in redevelopment.
:quality(75))
Anaheim Ducks owners Henry and Susan Samueli are privately financing a $5B redevelopment called OCVibe around the hockey arena that will bring residential, hotel, retail, office space and a concert venue to a site just over the freeway from Angel Stadium.
It is the kind of project Kroenke knows well. The veteran team owner has a track record, especially in Southern California, of putting developments on the land where his teams play.
The 300-acre Hollywood Park mixed-use project in Inglewood surrounding SoFi Stadium, home to the Kroenke-owned Los Angeles Rams, is still being built out but contains retail, offices, hotel and residential uses.
A similar mixed-use vision is sketched out for the 52-acre Rams Village in Warner Center, a $10B project that will house the team’s future training facility and headquarters as well as retail, office space, hotel, a performance venue and residential uses.
There are also plans in the works for a master-planned development around Ball Arena in Denver, home of the NHL’s Colorado Avalanche and the NBA’s Denver Nuggets, both owned by Kroenke. Kroenke also owns a neighboring amusement park and is planning millions of square feet of development on 55 acres.
Kroenke is the nation’s largest private landowner, according to Fortune.
)
)
)
)
)
)
)
)
)
)
)
)