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So why did the LA Angels opt out of their lease?

Today was the last day the LA Angels could opt out of their lease at Angel Stadium until 2028. If the Angels had not done so they would have been locked in to playing at Angel Stadium for the next 10 years. Does this mean they are going to leave Angel Stadium or the city of Anaheim? Maybe.

This is a negotiation process between Arte Moreno and the city of Anaheim. The stadium is the fourth oldest in baseball only behind Wrigley Field, Fenway Park, and Didger Stadium as Angel Stadium is 52 years old. The ANgels have done multiple renovations to the park multiple times in those 52 years.