Venue Detail
Los Angeles Angels of Anaheim
Revenues From Sports Venues Pro Facilities Report
February, 2012
Los Angeles Angels of Anaheim
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2000 Gene Autry Way Anaheim, CA 92806 Phone: 714-940-2000 Fax: 714-940-2205 URL: www.angelsbaseball.com Owner: Arturo Moreno League: Major League Baseball, American League, Western
Venue
Angel Stadium of Anaheim, Anaheim Stadium, Anaheim, CA 92806-6100 Owner: City of Anaheim Managed by: Team Built: 1966 Capacity: 45,050 Permanent concession stands: 39 Concessionaire: Aramark Suite caterer: The Levy Restaurants Soft drink: Pepsi Cola Beer: Multiple
Naming rights
Sold to: Edison International Price: $50,000,000 Term: 20 years Expires: 2017
Ticket prices
Season tickets range from $656 to $2,200 Single tickets range from $12.00 to $175.00
Attendance:
2009 average attendance: 40,004 2010 average attendance: 40,134 2011 average attendance: 39,090
Suites
Quantity: 74 Term: 1 to 5 years Price: $57,000 to $240,000 Seats: 12 to 16 Includes: Tickets to the Angels and all other stadium events. Party suites that hold 24 lease for $2,400. Those that hold 12 to 16 lease for $1,500 per game.
Club seats
Quantity: 5,000 Term: 1 to 1 years Price: $1,640 to $3,444 Includes: Tickets, private restaurant and bars, in-seat wait staff.
Financing
The $24 million stadium was financed entirely by the city, but in 1996 the Walt Disney Co., owner of the Angels, contributed $70 million toward a $100 million renovation project. The city provided $30 million.
Built as a multipurpose facility in 1966 at a cost of $24 million and paid for with municipal bonds, Anaheim Stadium completed a $100+ million renovation in 1998. Virtually the entire interior of the venue is new.
Still, the Angels can opt out of their Anaheim ballpark lease in 2016, and there is concern that team owner Arte Moreno, who beat the city in a year-long legal battle over the team's name change in 2005-06, will build a new ballpark elsewhere.
Moreno says he has not begun to explore the possibility of building a ballpark, and that such a process would have to start at least four years before a planned opening date.
But the owner did say the Angels must address a number of issues with the 45-year-old venue, the fourth-oldest in the major leagues behind Chicago's Wrigley Field, Boston's Fenway Park and Dodger Stadium, to keep the facility up to date and safe.
“Cosmetically, the stadium looks great, but in the long term there are some structural issues that, over a period of time, we need to look at,” Moreno said. “You build something 40 years ago, you put 40,000 fans in it every night, you wash it down every day, what's the building going to look like? It's like keeping up your home. Sometimes you have to put a new roof on it.”
The ballpark underwent a $118 million renovation in 1996, after the Rams left for St. Louis and the Walt Disney Co. bought the team from the Autry family.
Moreno declined to go into detail about what kind of renovations or repairs are required, but he did say some are “moisture” related. In April 2009, 20 fans were forced to change seats during the home opener when a five-inch piece of concrete fell from above the club level in Section 342.
“All the issues are very fixable,” Moreno said.
The Angels split luxury suite revenue with the City of Anaheim; the team controls revenue from other tickets. The team retains all income from the stadium, including advertising, parking and concessions up to a threshold. Beyond that threshold, the city shares revenues with the team.
The ballpark has 10 Diamond Club suites at the dugout level. They lease for $168,000. The rest are on the club level and those lease for $50,000 to $70,000 annually. Signs are sold as packages with other promotions.
In 2004, Edison International and the Angels came to terms about ending their naming rights deal early. The company paid more than $60 million for 20 years to name the ballpark Edison Field. The agreement included a clause that increased payments if mention of the ballpark's name increased. Those payments increased with the team's World Series victory. Company officials said the expense of the naming rights no longer made fiscal sense to them. When that deal expired, the name became Angel Stadium of Anaheim. (Baseball, Facilities, Financial, MLB, Professional Sports)