Audit Approved:
Lawmakers approved an emergency audit of Anaheim's stadium deal
Request Made:
State Senator Umberg and Assemblyman Valencia requested the audit
Concerns Raised:
Lawmakers worried about compliance, revenues, and stadium maintenance
$500M Valuation:
Stadium valued at $500 million; nearly sold for $320 million
Transparency Needed:
Officials emphasize transparency and oversight for Anaheim residents
City Cooperation:
Anaheim welcomes the review, preparing for state audit
Lease Agreement:
Angels responsible for maintaining the stadium under 1996 lease
Former Mayor Charged:
Ex-Mayor Sidhu pleaded guilty to federal corruption charges
Federal Probe:
Sidhu involved in obstruction of justice and wire fraud
Sidhu Sentencing:
Sentencing for Sidhu set for December 13, 2024
Independent Investigation:
City paid $1.5 million for an independent investigation into corruption
Settlement Reached:
Anaheim settled for $2.75 million with Moreno's SRB Management
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