Wrigley Field to undergo $500 million renovation
Major League Baseball’s second oldest stadium is set for an expensive makeover. The Chicago Cubs have finally reached an agreement with the city on plans for $500 million worth of renovations to Wrigley Field. The iconic home of the Cubs is scheduled to see its first electronic video board installed in left field, with another large sign on tap for right field. More night games, general maintenance, parking upgrades, and transportation services are also on tap for the 99-year old ballpark.
The Cubs and the city of Chicago fought hard to reach an agreement, facing numerous obstacles ranging from upset residents from the neighbourhood to a dispute rising out of President’ Obama’s re-election. Mayor Rahm Emanuel and Cubs’ owner Tom Ricketts were able to finalize the framework for a deal late Sunday. The deal does not levy any of the cost on taxpayers.
There are still a great number of details to be worked out, including the positioning of the new video board and additional signage so as to accomodate owners of buildings across the street and avoid obstructing views from their rooftop seats. The initial agreement will allow the Ricketts family to build a hotel, plaza, and an office building nearby to help offset the hefty cost of renovations.