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SBD/January 19, 2012/Franchises
Disney Family, Peter O'Malley Consider Teaming Up On Dodgers Bid
Published January 19, 2012
DODGERS PARKING: The L.A. TIMES' Shaikin notes outgoing Dodgers Owner Frank McCourt "has the option to sell the Dodgers but keep the surrounding parking lots." If the lots "are not sold with the team, the new owner would lease them from McCourt for $14 million a year." The annual lease payment "would rise in 2015, and every five years thereafter." Sources said that most bidders "are expected to ask McCourt to include the land in the sale." However, Shaikin notes McCourt "could try to develop the land in a way that could rehabilitate his battered civic image." One source said, "There is no doubt in my mind he wants to hold on to the property. L.A. is his home. It will remain his home." Anaheim Sports, Entertainment & Conventions Exec Dir Greg Smith, who oversaw Anaheim Stadium on behalf of the city, said, "Obviously the ideal situation is whoever has the team controls the parking. If that can't happen, the buyer needs to make sure it is very specific about what can happen in the parking lots. If they don't want development, it's got to be stipulated in the agreement" (L.A. TIMES, 1/19).