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Had to get out now or wait until 2028.
Will they just leave it empty once they leave or demolish it?
The Angels already tried to find another nearby stadium location a couple of years ago, no takers. I don't think they are going anywhere.
The Shop
Not that it really has anything to do with Angel Stadium, but Newsom doesn't have anything to do with the prop 13 rollback. It's unclear if Newsom supports the idea. It will likely be the voters to decide it as a proposition in 2020. The rollback is intended to only apply to commercial properties - not residences.
If all of this happens, say hello to the Arizona Angels.
Prop 13 isn't exactly a tax reduction, it just limits the amount that property taxes can increase. The idea is to help retired people afford their homes as real estate values can increase so quickly in California. Businesses don't need to be protected from the effects of inflation in the same way that pensioners do.
The Angels are one of the most valuable teams in baseball - because of where they are located. They aren't moving.
I bet Arte would listen to a group from another state looking for a MLB team and he would be smart to look around. Look how it worked for my Raiders, now they are going to Vegas. It's all about the $$$.
Prop 13 is partly responsible for that homeless population. The reduced tax rate for longtime homeowners has helped to increase the price of homes and reduce the number of homes that reach market.
MLB and NFL have different revenue models. Most of the NFL teams' revenue comes from their share of the national TV contract. So whether the Raiders are located in Oakland or Las Vegas, doesn't affect their cut. But in MLB, some teams make most of their money from local TV contracts. The Angels still have about 12 years left on a contract that pays them $150M/year. I'm sure that contract would no longer be valid if the team moved to Las Vegas, and they aren't getting a contract that big in a small market like Vegas.
Define partly
1%-20%-50% ?
What in the Sam Hill are you talking about? Homeless problem is related to the lack of mental health, exasperated by the liberals pulling back all enforcement and just letting them set up camp. Over half the homeless population prey on the other half. Ronnie Reagan is the genius behind this. I loved the guy but lets put the blame where it belongs.
http://www.povertyinsights.org/2013/10/14/did-reagans-crazy-mental-heal…
The price of homes are related to Greed, Chinese and the simple fact California was the Only state employing anyone for the longest time. The Chinese spent a large portion of 2012 to 2015 buying everything they could.
Let me ask you, How many out of state plates do you see a day? I see at least six new ones, each day. We haven't a Housing problem, we have a "too many god damn people problem.' 40 Million people. We got 20 million over the last 20 years. They ALL Need to go back.
Pit Row
Just that high housing costs are one of the factors that lead to homelessness. It's not a significant factor, but it is a factor.
Yes, I do own a home. I'm not 100% sure where I stand on the idea of a modification to Prop 13. I would need to know the specifics of the plan before I voted for it. But in a vacuum, I would probably support a full repeal of Prop 13. I am in favor of minimal taxes and limiting government waste. But, I am also in favor of everybody paying their fair share of taxes, so I don't like when certain groups get special tax breaks. I think the mortgage interest deduction should be eliminated as well. I don't think either of these things could be eliminated instantly. They would have to be phased out, or it would create another mortgage crisis with millions of California homeowners going underwater because the value of their homes plummeted.
The bit about limiting annual property tax increases (the crux of Prop 13) somehow "allowing" home prices to increase, thereby making more people homeless is some dizzying logic...
Here’s the reality: there IS a homeless problem in California that’s become “epidemic”. If any one of you thinks it’s a “California Only” thing, well, your a fool. I was in Vegas last week: it’s bad there. Dallas this week: it’s bad there. Portland? It’s crazy bad there...emphasis on Crazy. London: it’s bad there.
Half of the homeless are due to mental health issues. No place to go and be weird. We used to have it, it went away, thanks to Ronnie, That's why I linked the article you didn't read.
The other half is made up of criminals preying on the homeless and the lazy. I'm not venturing a guess at to what's what. At least in DTLA that's the make up.
While you can say, high cost of housing is a contributing factor as we just ousted all the homeless from Santa Ana, many had jobs, but many just refused to give into housing when they could tent it. Its laziness and some people displaced by the housing crisis that evicted them onto the streets after they signed loans that they didn't read and didn't look for a house when the Marshalls put up the sign on the door in 2010 and they stayed until 2015
That's my take on it. We still have a problem and check this out. There are 31,000 homeless in Los Angeles. They are spending $450 Million dollars on homeless projects. Not one of those is Mental Health. It's all structures etc. There's been no improvements.
I think they are laundering the money.
They didn't renew because this was their only window to renegotiate the terms, and I don't blame them. The entire perimeter of the stadium has recently had major development with very expensive apartments/condos. Also, there's 3 new breweries, high-end expensive breweries that opened directly across Orangewood ave, on the South side.
Any legal team negotiating a lease is going to look at all of that development and leverage it.
Personally, I hope they stay so we can continue to walk home after A1 and A2 supercross races
DR484
Because of that, I don't think it would be fair to just hit them with a new assessment. I think the assessment would have to be eased in over the course of 10 years or more for existing home owners. New purchases would assess at market value.
This would loosen the real estate market. Currently there are people who don't want to sell their homes because they are locked in to a lower tax rate. Having more homes on the market will help keep competition up for home purchases, which helps to keep the price down.
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