SBD/September 20, 2012/Franchises

Angels Reportedly In Preliminary Talks To Relocate Franchise To City Of Industry

The Angels' lease at Angel Stadium is set to expire in '16
Angels officials have had “preliminary talks about moving" the franchise from Anaheim to City of Industry, Calif., according to a source cited by Ben Baeder of the L.A. DAILY NEWS. The team's lease at Angel Stadium is up in '16, and the Angels "at that time would either have to renew their agreement until 2029 or move to a new home.” Angels Owner Arte Moreno in the past has said that he would “need to know this year or next whether he should stay in Anaheim or move the team.” The source said that while officials at Majestic Realty Co. are "still working hard to bring a National Football League team to Industry, they are open to building a baseball stadium instead.” Majestic Realty VP John Semcken in the past has said that he “did not think that Moreno would be interested in moving his team from Anaheim.” Baeder notes those who “opposed an NFL stadium said they would oppose a baseball complex.” Lake Forest College economics professor Rob Baade said that he would “not be surprised if the Angels were shopping around for potential stadium deals.” Baade said, “It's a negotiating chip. ... They would use a proposal in Industry or some other place in their negotiations with the current stadium owners” (L.A. DAILY NEWS, 9/20).
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