CHICAGO (AP) - The owners of the Chicago Cubs want the help of the state of Illinois in their plans to renovate Wrigley Field.
The Chicago Tribune is reporting the Ricketts family, which bought the Cubs in 2009 for $845 million, wants Illinois to finance more than $200 million in renovations at the 96-year-old ball park.
The Tribune reports Thursday the Ricketts want the Illinois Sports Facilities Authority, which owns U.S. Cellular Field, to float up to $300 million in bonds. The bonds would be paid off with the amusement tax already paid by fans attending games at Wrigley Field.
In a letter to season ticket holders, Cubs Chairman Tom Ricketts calls the plan “fair and simple.”
Gov. Pat Quinn said Thursday he has no knowledge of the plan, which would require the approval of the Illinois General Assembly.
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Information from: Chicago Tribune, https://www.chicagotribune.com
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