CHICAGO-After hammering out the framework of an agreement on the $500-million renovation of Wrigley Field over the weekend, on Monday Chicago Cubs Chairman Tom Ricketts detailed a number of items he would like as part of the final approved plan with the city.
Among the key perks he is seeking to secure are: having the ballpark's property tax status changed to historic landmark and be therefore eligible for a property tax break reserved for historic landmark renovation projects; additional night games; a large video screen in left field; and more electronic advertising both inside and outside the ballpark. The Cubs also are hoping not to be charged by the city for expanding Wrigley Field and the other development components of the plan onto public sidewalks and adjoining streets, according to the Chicago Tribune.
The renovation plan also includes the development of a hotel and office building adjacent to the stadium.
“I want to go forward with the assumption that there will be lots of community meetings, lots of discussions, and we will end up with this plan,” Ricketts said at a news conference on Monday at Wrigley Field. “And that's the way we look at it.” See story in the Chicago Tribune.
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