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Post by mikecubs on Oct 23, 2018 6:49:00 GMT -6
Anaheim negotiating long-term deal to keep Ducks at Honda Center, potentially add homes and stores near arenaAnaheim city leaders are in talks with Honda Center officials about extending their arena management deal – keeping the Ducks local for at least 25 more years – and potentially giving the company management of the ARTIC station and the prospect of developing on some of the arena parking. Closed-door discussions have gone on for months, and the Anaheim City Council will be briefed in public at a meeting Tuesday, Oct. 23, city spokesman Mike Lyster said Friday. Many details remain to be worked out, but the news may strike some as a victory of sorts, coming just days after the Angels opted out of their lease at the city-owned stadium where they’ve played for decades. The Angels faced a deadline of Oct. 16 for opting out or the window would close for another decade. Team officials said they plan to restart negotiations with the city after the elections. “This shows our commitment to professional sports in the Platinum Triangle,” Lyster said, referring to land between the 5 freeway and Santa Ana River that is being developed with new craft breweries, offices and hundreds of homes. The Honda Center, a 25-year-old arena that can seat nearly 19,000 guests, is one of the busiest spots in the triangle. It hosts Ducks home hockey games, early rounds of the NCAA “March Madness” basketball playoff, UFC fights and all genres of musical acts. Since 2003, Anaheim Arena Management by Henry Samueli has held a contract to manage the 650,000-square-foot facility. “We’re excited to work with the city of Anaheim as we continue to plan for the future of the Anaheim Ducks and Honda Center. We are always looking to improve the fan experience and bring Anaheim the very best in world-class entertainment,” said a statement released from Anaheim Arena Management. A potential new arena management deal could stretch 25 more years, with five extensions that would total an additional 25 years, Lyster said. The two sides have discussed a provision that would put Samueli’s company in charge of operations at ARTIC, the city-owned transit station that sits between the Honda Center and Angel Stadium.Anaheim Arena Management already sells advertising on digital displays at ARTIC, Lyster said, and the new deal could allow it to put up a large electronic sign that would have helped shrink the station’s operating deficit but was never built. Finally, Lyster said, a new deal could open the door for the management company to develop some of the acres of parking around the Honda Center with projects that would match the rest of the area – restaurants, shops, offices and apartments or condos. “Long term, this agreement has the potential to further our vision of a cool downtown in the Platinum Triangle centered on sports, entertainment, urban living and jobs,” Lyster wrote in an email, adding that a new deal “would benefit our residents with more city revenue and everyone with continued enjoyment of Honda Center.” Any final agreement would come to the City Council for approval. www.ocregister.com/2018/10/19/anaheim-negotiating-long-term-deal-to-keep-ducks-at-honda-center-potentially-add-homes-and-stores-near-arena-embargoed-until-later-fri/
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Post by mikecubs on Nov 21, 2018 11:05:45 GMT -6
City of Anaheim approves new management deal for Honda Center 1 The new agreement will keep the Ducks in Anaheim for at least 25 more yearsSince opening its doors on June 19th, 1993 for a Barry Manilow concert, Honda Center (then called the Arrowhead Pond of Anaheim) has been the home of the Anaheim Ducks. Numerous concerts, hundreds of basketball games, miscellaneous events from WWE to bull riding, thousands of hockey games, and a Stanley Cup later, the desire for the Ducks to stay in the building remains. On Tuesday evening, a new agreement between the City of Anaheim and Anaheim Arena Management was approved by Anaheim City Council by a vote of 6-1. Under the new agreement, Anaheim Arena Management, the management company owned by Henry and Susan Samueli that also owns the team, will extend its deal to run the city-owned home of the Ducks until 2048 with the option for five-year extensions thereafter. Under the terms of the agreement, Anaheim Arena Management would take over operations of the Anaheim Regional Transportation Intermodal Center (ARTIC) across Katella Avenue and free the city of the current $2.5 million revenue shortfall the center currently operates on.In an effort to close this gap and make the center profitable, the management company “will seek to close the deficit with more advertising revenue, lower costs, and operating efficiencies with Honda Center” according to the agreement. This would include the construction of a new digital advertising display visible from the 57 freeway. The new agreement will also allow the City of Anaheim to sell the parking lots around Honda Center to Anaheim Arena Management to enable development and improvements. This could allow Henry and Susan Samueli to build apartments as well as shopping and entertainment facilities on the land surrounding the arena.
What would the City of Anaheim get out of this new agreement? Outside of being freed of the $2.5 million operating deficit currently being run by ARTIC, the sale of the parking lots will generate $10.1 million for the city. Additionally, a much more favorable revenue-sharing program will be implemented upon the start date of the agreement. Currently, Anaheim receives 20% of any revenue over $12 million for the year from Honda Center operations. Under the new agreement, any net revenue over $12 million would be split 50-50, with the revenue-sharing threshold lowering to $6 million per year beginning in 2023. The city will also take in 60% of the revenue generated from ARTIC under the new deal. A framework for the new deal was presented to the city in late October, with the final iteration approved by city council on November 20th. The new agreement will take effect on February 1st, 2019. www.anaheimcalling.com/2018/11/20/18106050/city-anaheim-california-vote-new-management-agreement-for-honda-center-ducks
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Post by mikecubs on Nov 21, 2018 12:04:19 GMT -6
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Post by mikecubs on Jun 24, 2020 14:22:01 GMT -6
Samueli Family unveils ocV!BE mixed-use community at Honda CenterThe owners of the Anaheim Ducks (NHL) unveiled plans for a $3-billion, 115-acre, mixed-use community and live entertainment district, ocV!BE, next to the team’s home, Honda Center. An endeavor of the Samueli Family (owners of the Ducks), this sustainable and transit-oriented district is scheduled to open in 2024 and be fully completed by the 2028 Olympics when Honda Center hosts indoor volleyball. The ocV!BE development is billed as featuring lifestyle and public amenities as well as live entertainment venues. This includes a new 6,000-capacity concert venue, a 68,000-square-foot food hall, a variety of restaurants and retail, two new hotels with 650 total rooms, a 325,000-square-foot office tower, three unique public plazas surrounding the Honda Center, 2,800 residential apartment units that will include a 15 percent dedication to affordable housing, 30 acres of open space and parks, and a network of pedestrian bridges and walkways, including a landmark bridge over Katella Avenue. According to a press release, the proposed development will create nearly 13,000 construction jobs, 3,300 permanent jobs upon completion, and generate more than $2 billion in a one-time economic impact, according to an analysis conducted by the public finance and development economics firm, DTA. The project will generate over $400 million in annual recurring economic impact. Revenue generated by the project will assist the City of Anaheim in its efforts to recover from the COVID-19 pandemic as well as enhance neighborhoods and public safety. “ocV!BE will provide a live, work, and play community of a scale not seen in Orange County, with live entertainment events and activities year-round,” said Tim Ryan, CEO of newly created ocV!BE Sports & Entertainment, LLC, which will manage the development and operation of the district. Michael Schulman, Managing Director of the Samueli Family office, will serve as Executive Chairman of ocV!BE Sports & Entertainment. A 2018 agreement between the City of Anaheim and Anaheim Ducks ownership, extending the team’s commitment to Anaheim for up to an additional 50 years, paved the way for a series of private acquisitions by ownership, leading to control of 115-acres surrounding Honda Center. The city also came to an agreement with the Los Angeles Angels ownership for a nearby 153-acre development surrounding Angel Stadium. ocV!BE will feature three unique public plazas surrounding Honda Center. The urban park plaza to the west (shown above), more than three acres in size, will be anchored by a new 6,000-capacity concert venue, a 68,000-square-foot food hall and a landscaped boulevard, the Paseo (shown below), featuring retail and dining opportunities. The southern-facing plaza will be a hub of activity focused on sports with elevated walkways providing ample opportunities for dining. The northern plaza will feature a collection of smaller club-style venues. In addition, ocV!BE features 20 acres of urban parks, including a five-acre riverfront park providing ample space for community gatherings and special concerts and events. ocV!BE’s Master Plan proposes more than 2,800 residential apartments, filling a critical need for housing in Orange County, and includes a commitment of 15% affordable housing units onsite. These residential communities will have full access to the entertainment and lifestyle amenities including 30 acres of open space and more than three miles of trails. ocV!BE embraces a transit-oriented community. The Master Plan integrates the existing transit center, known as ARTIC, into the broader district. By drawing more guests to ARTIC, ocV!BE will in turn increase transit ridership via Amtrak, Metrolink and bus providers serving all of Southern California. Ridesharing will also be thoughtfully designed into the project, with onsite pickup and drop-off areas. arenadigest.com/2020/06/24/samueli-family-unveils-ocvbe-mixed-use-community-at-honda-center/
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Post by mikecubs on Jun 24, 2020 14:34:51 GMT -6
The Los Angeles Angels of Anaheim who's stadium is right next door unveiled their own plans for a similar development. No word on whether they will renovate their stadium from 1966 that was renovated in 98 or build new. Angels unveil ambitious development plan–but no ballpark decisionby Kevin Reichard on June 24, 2020 in Future Ballparks, Major-League Baseball With an extensive development plan for the 153-acre Angel Stadium site, Los Angeles Angels owner Arte Moreno and his investors manage to thrill with their ambitions—but punts on a decision whether to keep Angel Stadium or build a new ballpark. The plan is along the lines of what Moreno and his investment group, SRB Management Co., had proposed in prior discussions with the city when negotiating a $325-million purchase of the ballpark site: a built-from-scratch neighborhood that would replace a hodge-podge of parking lots and low-slung structures into that they call a “transit-oriented, walkable neighborhoods, parks, public spaces, entertainment, restaurants, shops, hotels, offices connected by grand streets and entry ways.” The whole shebang is built around either a renovated, existing Angel Stadium or a new ballpark. In fact, the development plan presented to Anaheim yesterday acknowledges that decision to punt and prepares two different scenarios. One shows an Angel Stadium plan that strips away some of the Robert A.M. Stern/Populous “Outfield Extravaganza” decorative elements installed in 1998, like the center-field boulders and geysers. A new conceptual rendering shows a new outfield area similar to the original Anaheim Stadium concrete deck hosting the original Big A. This open space would open to the development and potential amenities like restaurants and bars.
Also gone: the hat and bat canopies at the main entrance, with the façade looking more like the original Anaheim Stadium entrance. The second shows a development plan with a new ballpark built to the east of the existing ballpark, closer to the Orange (57) Freeway and the Santa Ana River, where the current Big A sign stands. That sign would remain in its current spot under both site plans. This space would be reserved for future development as “flex space,” used for outdoor activities and potentially pop-up events.If Moreno and his SRB investment group do decide to move forward with a new ballpark, a 45,500-seat facility is envisioned, the same size as the 45,483-seat Angel Stadium. While SRB Management Co. says in its presentation that development around Wrigley Field and Petco Park were inspirations, the better analogy is with The Battery and Truist Park, home of the Atlanta Braves. The construction of Petco Park did certainly draw plenty of investment to the Gaslamp Quarter of San Diego, but the Gaslamp Quarter was an existing neighborhood that needed a boost. Similarly, it’s not as though Wrigleyville didn’t exist before the most recent Wrigley Field renovations. With both The Battery and a proposed Anaheim development, the environment is basically built from scratch. But what an environment. Here’s what is proposed for the new Angels community, themed as six mixed-use neighborhoods: Housing: 5,175 apartments and condominiums, including affordable apartments throughout Office: 7 million square feet Commercial: 1 million square feet of retail, restaurants, hotels Hotels: 943 rooms Parks: 5-acre urban park, plus at least 5 additional acres of community park space; city park requirement is 5 acres Parking: 12,500 spaces in structures, surface and underground One interesting design element to the development: a proposed halo concept to tie into the Angel Stadium/Angels branding, utilizing an overhead plane of illuminated halos to unify the entire community. Overhead halo canopies would be placed above gateways and hubs of activity across the community. You can see it implemented in some of the renderings. (Be warned that these are all conceptual plans at this point.) Now that there’s an actual proposal before city officials, SRB Management Co. has proposed the following timeline for the city approval: June-August: Planning and environmental review under Sustainable Communities Environmental Assessment, part of the California Environmental Quality Act August-September: Planning Commission public hearing for master site plan consistency with Platinum Triangle Master Land Use Plan September-October: City Council public hearings for master site plan, disposition and development agreement, Angels commitment agreement, lease assignment, finalized purchase and sale agreement But it could take several years before we see ballpark changes and mixed-use development. The final master site plan approval is not foreseen until 2021 or 2022 at the earliest, with the close of the sale of the site to SRB Management Co. expected in 2023. And the $325-million price tag could change, depending on the final development plan and the amount of open spaces and affordable housing. Still, the deal at this time commits the Angels to Anaheim for the next 30 years, with five five-year options. And the potential economic impact is huge: 45,300 jobs and a $7 billion impact on the local economy, according to SRB Management Co. The news was heralded by Anaheim Mayor Harry Sidhu: This proposal does not cover all potential development in the Platinum Triangle area. Adjacent to the Angels site is the Honda Center, home of the NHL’s Anaheim Ducks, and its adjoining acreage. Team owners Henry and Susan Samueli are presented their own development plan for the Honda Center site today. ballparkdigest.com/2020/06/24/angels-unveil-ambitious-development-plan-but-no-ballpark-decision/
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Post by mikecubs on Jul 4, 2020 6:21:53 GMT -6
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Post by mikecubs on Nov 29, 2020 4:14:38 GMT -6
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