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Anaheim Stadium Construction Subsidy Among Best of Recent Deals
ANAHEIM, CA - (December 15, 1998) - In a recent study released by Deloitte and Touche, Anaheim ranked 15th of 16 deals in total municipal investment for new or refurbished stadiums. The average public investment in a baseball stadium with the 16 deals was 71 percent, but Anaheim invested only 17 percent.

Baseball Stadium Development Overview
Comparative Public/Private Investment


CITY
YEAR OPEN
TOTAL DEVELOPMENT COST
PUBLIC INVESTMENT
 
PRIVATEINVESTMENT
 
Seattle1999
$417,400,000
$372,400,000
89%
$45,000,000
11%
Houston2001
$265,000,000
$256,300,000
97%
$8,700,000
3%
Arizona1998
$351,500,000
$238,000,000
68%
$113,500,000
32%
Milwaukee2000
$322,000,000
$232,000,000
72%
$90,000,000
28%
Baltimore1992
$234,200,000
$210,700,000
90%
$23,500,000
10%
Cincinnati2002
$235,000,000
$205,000,000
87%
$30,000,000
13%
Atlanta1997
$252,000,000
$201,000,000
80%
$51,000,000
20%
Colorado1995
$231,000,000
$196,000,000
85%
$35,000,000
15%
Chicago1991
$186,400,000
$179,600,000
96%
$6,800,000
4%
Pittsburgh2001
$209,000,000
$169,000,000
81%
$40,000,000
19%
Cleveland1994
$193,600,000
$142,600,000
74%
$51,000,000
26%
Texas1994
$190,726,000
$142,245,000
75%
$48,481,000
25%
Detroit2000
$260,000,000
$115,000,000
44%
$145,000,000
56%
Tampa Bay1998
$65,000,000
$51,000,000
78%
$14,000,000
22%
Anaheim1998
$118,000,000
$20,000,000*
17%
$98,000,000
83%
San Francisco2001
262,000,000
$15,000,000
6%
$247,000,000
94%
       
Average 
$237,051,625
$171,615,313
71%
$66,436,313
29%
       

 

*Due to recent agreements for development of Tinseltown and Sportstown on the Anaheim Stadium parking lot, Anaheim will recoup more than $43 million inadditional tax money to offset the city's $20 million investment inthe stadium over the next 30 years.
Media Contact: Ruth Ruiz 714.765.5060                                                                                                        more city news

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ABOUT ANAHEIM - The City of Anaheim, founded in 1857, is one of the nation's premier municipalities and is California's 10th most populous city. Anaheim covers 50 square miles with more than 345,500 residents and more than 3,200 City employees. The municipal corporation's annual budget is $1.4 billion. Anaheim supports a thriving business community with companies such as Carl Karcher Enterprises, Inc., L-3 Communications, Pacific Sunwear, and Disneyland Resort. Successful sports franchises call Anaheim home, including Angels Baseball, Anaheim Ducks, the 2008 Olympic Gold Medal winning U.S. Men's National Volleyball Team, and the 2008 Olympic Silver Medal winning U.S. Women's National Volleyball Team. Anaheim also boasts world-class meeting and entertainment venues with the Anaheim Convention Center, the largest on the west coast, Honda Center, The Grove of Anaheim, The Shops at Anaheim GardenWalk, and Angel Stadium of Anaheim. Annually, Anaheim welcomes millions of visitors to the city, truly making it where the world comes to live, work and play. For more information, please visit www.anaheim.net.