Stadium District Appraisal Released

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.

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