“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/.