Deal at a Glance
- Share via
The heart of Anaheim’s deal with the Walt Disney Co. for the operation and renovation of Anaheim Stadium is financial. Highlights of the arrangement:
* RENOVATION COSTS: Disney will contribute $70 million and Anaheim $30 million.
* REVENUE: Disney will operate the stadium and retain all monies until income thresholds are met.
* PARKING: City will provide 12,500 spaces on site for baseball.
* LEASE: 33 years (three years for renovation and 30 for operation). Disney may bail out after 20 years of operation.
* STADIUM NAME: Team may “sell” the stadium name subject to city approval.
* TEAM NAME: Will change to Anaheim Angels no later than 1997 season.
* SPORTSTOWN: City’s ambitious plans for a sports and entertainment complex scaled back to 40 acres.
Go beyond the scoreboard
Get the latest on L.A.'s teams in the daily Sports Report newsletter.
You may occasionally receive promotional content from the Los Angeles Times.
