Five months after buying Angel Stadium and the surrounding parking lots, Angels owner Arte Moreno is close to revealing his plans for the property.
On Tuesday, the Anaheim City Council is expected to approve an agreement under which SRB Management — the development company controlled by the Angels owner — will submit its development proposal to the city no later than May 30.
Moreno’s company could disclose whether it plans to build a new ballpark or renovate the current one. The city would like parkland and affordable housing on the 153-acre site and has promised to discount Moreno’s $325-million purchase price if he agrees.