Report: Cubs, city of Chicago close to $500 million Wrigley Field deal
According to the 'Chicago Sun-Times,' the Cubs and the city of Chicago will finalize a deal to undertake $500 million in renovations to Wrigley Field.
According to the Chicago Sun-Times, the Cubs and the city of Chicago will soon finalize a deal to undertake $500 million in renovations to Wrigley Field. The deal is expected to be in place by Monday's home opener.
Among the likely changes to the ballpark that dates back to 1915 are a video scoreboad, additional advertising signage within the park and a parking garage. As well, rooftop proprietors are expected to continue their revenue-sharing arrangement with the team, although that agreement won't be extended beyond the agreement that was already in place. The Sun-Times also cites a source who says the Cubs will also be permitted to host more night games per season.
In addition to $300 million in ballpark renovations, the plan includes construction of a $200 million hotel across the street from Wrigley. Provided zoning restrictions are lifted and or eased, Cubs ownership is expected to privately finance the entire project.