ANAHEIM, Calif. (Nov. 16, 2018) — We’ve seen 25 great years of world-class entertainment, exciting sports and championship hockey at Anaheim’s arena, Honda Center.
And we’re just getting started.
For all of 2018, we’ve been in talks with our partners at Honda Center about a plan for the next 25-plus years.
We’re looking to expand our partnership with an agreement that secures the Anaheim Ducks and the best entertainment in Orange County for the next generation, while also advancing the ARTIC transit hub and, long term, bringing the vision of the Platinum Triangle to life.
On Nov. 20, the City Council is expected to consider an agreement with Anaheim Arena Management LLC, owner of the Anaheim Ducks and operator of Honda Center.
The proposal covers several key points:
The proposed agreement would extend Anaheim Arena’s management of Honda Center through 2048, with the option of five five-year extensions. The city would continue to own Honda Center as it has since it opened in 1993.
The agreement would also increase the city’s ability to share in revenue from arena operations.
Currently marking their 25th season in Anaheim, the Stanley Cup champion Anaheim Ducks hockey team would be committed to an additional 25-plus years here and continue to proudly feature “Anaheim” in the team’s name.
The agreement would secure the team through 2048 with the option for five five-year extensions.
As part of the agreement, the city would look to sell land in Honda Center surface parking lots 1, 3, 4 and 5 to Anaheim Arena for an appraised market value price of $10.1 million and a requirement to provide a minimum of 3,900 parking spaces for games and events.
The land could see future development down the line as part of our vision for the Platinum Triangle — which is for a downtown for all of Orange County built around sports, entertainment, urban-style homes and jobs.
For the land to be developed, Anaheim Arena will still have to provide a minimum of 3,900 parking spaces for visitors, potentially through easy-to-use parking structures.
If the agreement is approved, Anaheim Arena would take over running Anaheim Regional Transportation Intermodal Center, known as ARTIC, through 2048 with the option for five five-year extensions.
The city would retain ownership of the transit hub, but Anaheim Arena would also take over the cost of running ARTIC.
Anaheim Arena’s operation of ARTIC would free the city of Anaheim of about $2.5 million annually we contribute to offset a current shortfall in revenue at the station. That will free up money up money we can use for public safety, parks and community services.
Anaheim Arena would look to bolster ARTIC’s finances through operational efficiencies with Honda Center and expanded sources of revenue including from a digital display alongside the Orange (57) Freeway.
You can find out more at Anaheim.net/HCNext25.