Pact With Developer for NFL Deal Scrapped
The City Council has unanimously approved terminating an exclusive negotiating agreement with a development firm that had sought to bring a professional football team to Anaheim.
In September, the council and Newport Beach developer Capital Pacific Holdings entered into an agreement for the proposed construction of a football stadium, obtaining a National Football League franchise to play its home games in the stadium and a plan for a mixed urban development.
Tuesday’s termination of the agreement allows the city to explore football stadium and NFL franchise opportunities with other parties, city officials said.
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