Angels owner Arte Moreno has until 2019 to opt out of the current Angel Stadium lease and must disclose his intention to opt out by October 2018. Well the Angels might be inching closer to a new stadium thanks to a new $450 million project in Anaheim.
The council on Tuesday unanimously approved LT Global’s LT Platinum Center, a $450 million mixed-use development that would include high-rise office buildings, stores, entertainment, hotels, apartments and condominiums on a 15-acre lot on State College Boulevard and Orangewood Avenue in the city’s Platinum Triangle area.
The Angels were seen as the final hurdle for the development.
The team last year had forced LT Global to scale down the project, after rebuffing the developer’s request to share the parking lot. Most recently, the team raised objections and filed an appeal with the city in August several days after the Planning Commission had approved the project.
The council was set to decide on the project last month, but LT Global officials requested to postpone the hearing to work out issues with the Angels.
The team, which is in discussions with the city to repair the aging stadium, had cited game-day traffic, parking issues and environmental issues including noise and air quality among their concerns.
Councilwoman Kris Murray instructed city staff to conduct a traffic analysis in the Platinum Triangle and around Angel Stadium.
“We are pleased that LT Global worked with us in a timely and collaborative effort to address the impacts of their development on our fan experience,” Angels President John Carpino said in a statement. “We look forward to working with the city to finalize details on important transportation improvements for the Platinum Triangle in the coming weeks.”
LT Global spokesman Steve Greyshock wouldn’t elaborate on how the company and the Angels were able to amicably resolve their differences but did say the company looks forward to working with the team.
“We spoke. It was neighbors talking with neighbors,” Greyshock said. “They had some operational concerns, but overall the goal is to have a long, constructive relationship with the Angels.”
Construction on the LT Platinum Center is slated to start next year, with completion in 2022.
The development will feature a 350-foot-tall residential tower that would be the most visually striking element of the complex, the Platinum Triangle’s first grocery store, a police substation, a public park, parking structures, as well as other commercial, retail and entertainment space.
“This is the beginning of something greater that will begin to grow,” Randy Jefferson, an executive director with LT Global, told the council.