Stan Kroenke

Stan Kroenke already transformed one giant patch of parking lots in Southern California into one of the world’s premier sports and entertainment districts. Now he has the chance to do it again.

Kroenke Sports & Entertainment agreed this September to acquire the Los Angeles Angels from Arte Moreno at a Major League Baseball-record $4 billion valuation, and the immediate question became what could Kroenke build around Angel Stadium.

Years of attempts under previous ownership to transform the ballpark and surrounding property into a mixed-use district never materialized. But Kroenke has built his reputation on using sports facilities as anchors for enormous developments.

While other sports franchise owners quarrel with local officials over funding, Kroenke developed the $5 billion SoFi Stadium without public subsidies. It is the centerpiece of a nearly 300-acre Inglewood district that envisions as much as 5 million square feet of creative office, roughly 890,000 square feet of retail, 2,500 residences, a 300-room hotel and the YouTube Theater.

The venue quickly became indispensable to Los Angeles’ mega-event era. SoFi hosted eight FIFA World Cup matches this summer, will host the Super Bowl in 2027, and will play a major role in the 2028 Olympics and Paralympics, including the opening ceremony and what is planned as the largest Olympic swimming venue ever.

Kroenke is still expanding the Inglewood campus. Hollywood Park Studios, a 12-acre production complex initially being built for LA28’s International Broadcast Center, will begin with five 18,000-square-foot soundstages and an 80,000-square-foot creative office building, with capacity for as many as 20 additional stages later.

And Inglewood isn’t Kroenke’s biggest development project in Los Angeles. In Woodland Hills, Kroenke spent about $650 million assembling around 100 acres, and has proposed the roughly $10 billion Rams Village at Warner Center, a 52-acre project surrounding the team’s future headquarters with 3 million square feet of residential development and nearly 2 million square feet of office, retail and hotel space. 

So, when Kroenke buys a baseball team with a stadium surrounded by immense redevelopment potential, there’s a reason Angels fans can start envisioning a landmark transformation following close behind.