Angels to buy Angel Stadium, stay in Anaheim through 2050

ANAHEIM, Calif. (AP) — The Los Angeles Angels have reached a proposed agreement to stay in Anaheim through 2050 as part of a deal in which they will pay $325 million to buy Angel Stadium and its surrounding parking lots from the city.

The Angels and the city government announced the deal Wednesday likely securing the franchise’s long-term future in Orange County.

The team had a deadline of Dec. 31 to opt out of its lease or to stay committed until 2029. Instead, the sides reached a deal that allows the Angels to control the property and its plans for the surrounding acres while relieving the city of its costly maintenance obligations on the 53-year-old stadium.

The proposal will be considered by Anaheim’s City Council in stages later this month and in 2020, but it is expected to be approved.

“After years of uncertainty, we have a path forward for baseball in Anaheim,” Anaheim Mayor Harry Sidhu said. “This proposal reflects what we’ve heard from our community by keeping the Angels in Anaheim, bringing money for our neighborhoods and the prospect of more affordable housing, parks and jobs for Anaheim.”