Deal at a Glance
The heart of Anaheim’s deal with the Walt Disney Co. for the operation and renovation of Anaheim Stadium is financial. Highlights of the arrangement:
* RENOVATION COSTS: Disney will contribute $70 million and Anaheim $30 million.
* REVENUE: Disney will operate the stadium and retain all monies until income thresholds are met.
* PARKING: City will provide 12,500 spaces on site for baseball.
* LEASE: 33 years (three years for renovation and 30 for operation). Disney may bail out after 20 years of operation.
* STADIUM NAME: Team may “sell” the stadium name subject to city approval.
* TEAM NAME: Will change to Anaheim Angels no later than 1997 season.
* SPORTSTOWN: City’s ambitious plans for a sports and entertainment complex scaled back to 40 acres.
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