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WALT DISNEY READY TO OPEN THE VAULTS TO RENOVATE THE BIG A
Published February 29, 1996
Walt Disney Co. is reportedly prepared to spend close to $70M to renovate Anaheim Stadium "if it can finalize a deal with the city of Anaheim to fund the remaining" $30M, according to Fisher & Himmelberg of the ORANGE COUNTY REGISTER. The Anaheim City Council meets today in a special session to discuss "and possibly vote" on the proposal -- the "final step" in Disney's purchase of a controlling share of the Angels. Derek Irwin, AL Financial Manager, said $70M would be the "most significant contribution by an American League baseball team owner toward a stadium project in the last five years" (ORANGE COUNTY REGISTER, 2/28).