Cubs, City of Chicago close in on Wrigley deal
April 6, 2013
More advertising and a Jumbotron at Wrigley? The Cubs and the city are closing in. (photo used under Creative Commons/flickr user Pirate Alice)
By The Associated Press
CHICAGO - Two people with knowledge of the negotiations between the Ricketts family that owns the Chicago Cubs and the city say the two are near an agreement on a $500 million project at Wrigley Field.
The people spoke Friday on condition of anonymity because the deal was not yet finished and they are not authorized to publicly discuss it.
The deal calls for $300 million in renovations at Wrigley and a $200 million hotel nearby. The family will build a parking garage and the city will let the owners build a video scoreboard and another new sign inside. A city hall official says Mayor Rahm Emanuel has agreed to let the team play more night games.