Forbes magazine has just issued its list of MLB team valuations.  Arte's team came in 6th, at a cool $500 million.  Not bad; I believe he paid under $200 million when he purchased the team in 2003.  The top-5 were the usual suspects: Bronx Skankees, Queens Mets, Chowds, Wrigleys and the Brooklyns.  Note that all of the teams ahead of the Angels own their stadiums (actually not sure about the Mets), and so there's a good bit of land value in each of those.