Unlocking the Economic Development of the Stadium Property to Help Secure the City’s Future
As the nation faces the impacts of a pandemic and tens of millions of Americans find themselves out of work, the Stadium Development Plan represents a major investment and positive step in Anaheim’s recovery. The Plan will bring new benefits to the City, in addition to the jobs and revenues Angels Baseball generates today.
The Stadium Development Plan Will
During Construction
Create
30,264 jobs
during
construction
$5 billion
in economic
activity
Provide good
paying jobs,
many in partnership with Building Trades unions
At Full Build-Out (30-years)
Create 45,300 new jobs
separate from
stadium jobs
$7 billion
in economic
output per year
in the regional
economy
$1.2
billion
in total
general fund
revenues
$38 million
per year
in net revenues
to the City
$443 million
in total
new hotel and bed taxes to the City
Realizing Much Needed Community Benefits & Priorities Without Using General Fund Revenues
-
Bringing 777 Fully Integrated Affordable Housing Units to Address City Shortage
- 518 Very Low and Lower Units and 259 Moderate Units within residential buildings throughout the property
-
Creating a 7-Acre Flagship Park for All of Anaheim
- Modeled after Tongva Park in Santa Monica
- An additional 5.2 acres of parks and open spaces, as well as 11 acres of flexible open space will be featured on the property
-
Ensuring Good Paying Union Construction Jobs for Locals, Veterans & More
- 30,000 construction jobs will be created at full build-out
- Creating 45,000 New Jobs as Part of the Operations of the Project at full build-out
- Providing the City with 2,500 Tickets a Year for Community Use through 2029
Want to see more details?
Visit the City of Anaheim website to view the Development Agreement and more.