The city-commissioned appraisal of the Angel Stadium property is out. Here is the executive summary by Waronzof Associates. The 154-acre site is evaluated for both continued stadium use and redevelopment use under both fee simple interest and leasehold interest scenarios.
Fee Simple Interest
Continued Stadium Use Premise: $245,000,000
Redevelopment Premise – $325,000,000
Leasehold Interest
Continued Stadium Use Premise: $225,000,000
Redevelopment Premise: $300,000,000
It would seem to me that the latter is more applicable, since no one is talking about selling the property to the Angels.
