The Los Angeles Angels have renewed talks with the city of Anaheim about an Angel Stadium renovation and lease extension after the club was unable to land a new ballpark in Tustin.
The developer of the proposed Tustin site said his firm worked extensively in recent months on a ballpark project, but could not structure a deal that made economic sense for all three sides.
“My guess is, they are going to stay in Anaheim," said Dene Oliver, chief executive officer of Oliver McMillan.
The Angels' current lease extends through 2029, although the team can opt out no later than 2019. Angel Stadium opened in 1966, and the only older major league ballparks still in use are Boston's Fenway Park (1912), Chicago's Wrigley Field (1914) and Dodger Stadium (1962).