BROWNNOSE
BOOTLICKER
Cubs seek state funds for renovations
CHICAGO, -- Tom Ricketts, executive chairman of the Chicago Cubs, said the team is requesting a bond of up to $300 million from the state to renovate Wrigley Field.
Ricketts said the renovation plan seeks funds from the Illinois Sports Facilities Authority to be paid back over a 35-year period using amusement taxes paid by visitors to the ballpark, the Chicago Tribune reported Friday.
The team is seeking $250 million to $300 million and Ricketts and his family would match the state's investment in the renovations for the 94-year-old ballpark with their own funds, he said.
Ricketts said the renovations would keep the ballpark in use by the Cubs for at least another 50 years.
Some politicians have spoken in support of the plan.
"This is the economic engine of my district," said Rep. Sara Feigenholtz, D- Chicago. "I'm very excited at the prospect of improvements."
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CHICAGO, -- Tom Ricketts, executive chairman of the Chicago Cubs, said the team is requesting a bond of up to $300 million from the state to renovate Wrigley Field.
Ricketts said the renovation plan seeks funds from the Illinois Sports Facilities Authority to be paid back over a 35-year period using amusement taxes paid by visitors to the ballpark, the Chicago Tribune reported Friday.
The team is seeking $250 million to $300 million and Ricketts and his family would match the state's investment in the renovations for the 94-year-old ballpark with their own funds, he said.
Ricketts said the renovations would keep the ballpark in use by the Cubs for at least another 50 years.
Some politicians have spoken in support of the plan.
"This is the economic engine of my district," said Rep. Sara Feigenholtz, D- Chicago. "I'm very excited at the prospect of improvements."
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