For two decades the City has tried to attract and secure development on the Stadium property, as well as realize the entitlements for the site and the vision of the Platinum Triangle. The current Stadium lease restricted development until at least 2038. Now, the Stadium Development Plan will be an important part of Anaheim’s recovery for decades to come. By unlocking this development opportunity, an estimated $1.2 billion in new revenues will be generated; 30,000 construction jobs and 45,300 new jobs during operations will be created at full build-out. In addition, the City will be relieved of its ongoing contribution to capital investment of the Stadium in the future. Now more than ever, the City needs to secure new jobs and revenue streams for the community in order to pay for police, fire, schools, libraries, pensions and other services for the future.
The Stadium Development Plan allows for the ability to either renovate or build a new stadium in the future. A key part of the overall plan is to elevate the fan experience.
The Stadium Development Plan allows for the ability to either renovate or build a new stadium in the future. While the actual design may be determined at a later date, this Plan illustrates that both opportunity and space exist for a whole new way to experience baseball in Anaheim.
The Big A sign will remain part of the vision. The current layout keeps the sign where it is today, which will be incorporated into the future flex-space area near the Stadium.
SRB Management is currently in the process of securing the Purchase & Sale Agreement with the City of Anaheim. Within the next few years, once that process is complete, SRB Management can finalize development plans and determine the timeline.
The street network on the site will support the new development and allow for traffic management on game days, dedicating specific routes to event parking at mobility hubs separate from on-site resident traffic. Proximity to the adjacent ARTIC station and on-property mobility hubs will encourage fans, residents and visitors to walk or catch a ride to a game or event. Traffic, parking and pedestrian management will allow safe and easy access. In addition, fast loading parking structures are proposed to be located on the north and south portions of the property and will help facilitate fans quickly leaving their cars behind to enjoy all that the community has to offer.
Looking back to at least 1996, the property surrounding Angel Stadium, which includes The Grove of Anaheim, has been envisioned to include a new additional stadium, hotel, parking, exhibit halls, entertainment, retail, and office spaces as part of the City’s overall Platinum Triangle Plan. As part of the related previous EIRs, new public infrastructure is being implemented throughout the Platinum Triangle to accommodate increased traffic in the area. Traffic mitigation measures were assigned and continue to be implemented for the entire build-out of the area. The project has also undertaken environmental analysis as part of the SCEA and will address any additional impacts that may be identified. In addition, the project will be required to do a traffic study as more detailed development plans are filed.
As part of the Purchase & Sale Agreement the City has required SRB Management to build 777 Affordable Housing units fully integrated within the project’s residential offering. This will represent 15% of all the residential units on the property at full build-out and will be the first of its kind, fully integrated Affordable Housing project in Anaheim. The goal is to provide equitable living standards for residents of all income levels who will have access to the robust offerings of parks, shopping, dining and transit just steps away. The breakdown includes 518 Low and Very Low Units and 259 Moderate Units. We hope this will be a model for future Affordable Housing in Anaheim.
The City had several requirements that needed to be met if they were going to privatize the Stadium property. These priorities included keeping the Angels in Anaheim, developing the Stadium property, securing important community needs like affordable housing and parks, and ensuring good paying union jobs as part of any development – all without providing any subsidies or using General Fund revenues. This Agreement achieves all of those goals. Today, the Platinum Triangle does not require Affordable Housing to be built as part of the development and has only one acre of parks. Now, at no expense to the General Fund, 777 fully integrated Affordable Housing units will be built in the Platinum Triangle and a seven-acre public park will be created for all of Anaheim’s residents to enjoy.
The property has already been extensively analyzed as part of the Platinum Triangle Master Plan over the last several decades. The City, in conjunction with SRB Management, has conducted a Sustainable Communities Environmental Assessment (SCEA) on the proposed development program described in the Master Site Plan. The SCEA considered the previous environmental studies and confirmed that the Stadium Development Plan is consistent with the entitlements on the property. The SCEA was available to the public for the required 30-day comment and review period, which closed on August 31, 2020.