Anaheim Council sells Angel Stadium and land for $150 million, subsidizes housing and park
Anaheim Council sells Angel Stadium and land for $150 million, subsidizes housing and park
- September 30, 2020
- Ami Glazer, economics, Voice of OC, Sept. 30, 2020
-----
“The park is a little peculiar because the park should increase the property value of the other residences they’re going to build,” UC Irvine economist Ami Glazer said in a phone interview. He said developers, like FivePoint and the Irvine Company usually build their own parks without taxpayers subsidizing them. “They build their own parks because it raises their property values. It’s not clear the developer should get compensated on something that will benefit the developer.”
For the full story, please visit https://voiceofoc.org/2020/09/anaheim-council-sells-angel-stadium-and-land-for-150-million-subsidizes-housing-and-park/.
-----
Would you like to get more involved with the social sciences? Email us at communications@socsci.uci.edu to connect.
Share on:
Related News Items
- Careet RightEconomics of Anteater life
- Careet RightA cash-for-clunkers program could reduce aviation emissions
- Careet RightCalls for rent control increase in Orange County as housing crisis worsens
- Careet Right257: "Price gouging" in emergencies (Raymond Niles and Amihai Glazer)
- Careet RightHow will Orange County officials overcome Coronavirus vaccine hesitancy? Incentives could be one answer