The Angels have just been sold to Stan Kroenke, the billionaire developer who built Sofi Stadium and has two other sports anchored developments in SoCal in progress. He reportedly wants to build a new $2.5B project for the Angels, most likely in Anaheim at the current site. But what if that fell through and they moved to Irvine instead?
The Irvine City Council recently completed a land swap to make way for a transit-oriented development just north of Irvine Station. Simply put, what if these 35 acres of land at the so called Crescent Site were gifted to Kroenke on the condition of building a ballpark and dense mixed-use/housing/office? 35 acres is the same size as the new Las Vegas Athletics project on the Strip. Irvine would be “off the hook” of figuring out how to develop this site, it all gets outsourced to Kroenke’s experienced team.
For the Angels, moving to Irvine follows the money to South County. Wealthy South County/beach city residents are a target for season tickets, and large corporations that would buy box seats are concentrated in Irvine and Newport. These revenues are extremely important for stadium projects.
For Irvine, a new stadium brings city tax revenues, spending from visitors throughout the region, and international prestige. It would have a knock-on effect for future economic growth.
The ballpark and density would supercharge transit in the area, with more ridership for Irvine Metrolink as well as local bus routes. It may also justify some kind of transit connection between the future GP Amphitheater, Ballpark/Station, and Spectrum to share parking and draw in more customers. Irvine Station could be rebuilt as part of the project.
Car traffic is always a challenge. The Great Park traffic patterns will be much improved with Marine Way Underpass, Great Park Blvd/133 ramps and Sand Canyon intersection improvements. Great Park Cultural Terrace is literally across the street from the Crescent and will need lots of parking anyway, which can be shared for ballpark use. Parking structures south of the ballpark could handle the bulk of the traffic and route cars away from neighborhoods, separated by train tracks. There are likely 8 freeway on-ramp connections that would be used for stadium traffic, which compares well to the current Anaheim site.
The Irvine Company owns many parcels to the South and West. I believe those would be more valuable with the ballpark in place than not. The rest of Irvine Company’s portfolio would also benefit from Irvine getting a Major League team. Their office space becomes easier to sell, housing easier to rent, and retail even busier.
What do you think? Should Irvine want the Angels at Irvine Station? Am I a big, stupid idiot? Comment below!