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Anaheim Gets To Keep Its Angels -- And Owner Arte Moreno Gets 153 Acres To Play With

Los Angeles Angels starting pitcher Dillon Peters throws to Houston Astros batter during the first inning of a baseball game in Anaheim, Calif., Sunday, Sept. 29, 2019. (AP/Alex Gallardo)
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By Lita Martinez and Jessica P. Ogilvie

Los Angeles's most loved baseball team - you know, the Los Angeles Angels of Anaheim - today announced a proposal that would keep the team in Angel Stadium until the year 2050.

The agreement is part of a massive development plan that officials call The Big A: 2050. In this initial proposal, SRB Management LLC, which is owned by Angels owner Arte Moreno, would purchase 153 acres of land currently owned by the city of Anaheim for $325 million.

That land includes Angel Stadium.

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At a press conference Wednesday, Mike Lyster, a spokesperson for the city of Anaheim, said the land around the stadium could potentially be home to restaurants, entertainment, homes, condos, "urban style apartments," affordable housing and parks.

He noted that the city would likely take inspiration from places like the Staples Center and Petco Park in San Diego.

"There's more than a billion dollars in investment going on around the stadium today, and we see that increasing in years to come," Lyster said. "This area [could be] a very dynamic area built around sports, that could be a downtown for not only just Anaheim but all of Orange County."

The Anaheim City Council will vote on the proposal on December 20, 2019.

The city of Long Beach had previously tried to woo the Angels to Long Beach's waterfront area. In a statement, city officials graciously accepted their loss.

"The City congratulates Anaheim and the Los Angeles Angels for coming to an agreement that keeps the team in its longtime home," they said, "and appreciates the important dialogue with Angels leadership throughout the process."