Chicago Cubs Reach Deal On $500 Million Wrigley Renovation

The Chicago Cubs have finally come to an agreement on a proposed renovation plan for Wrigley Field. When everything is said and done the work will cost more than $500 million and will include the stadium’s first ever electronic scoreboard.

The announced deal will also be seeing quite a few more night games at the stadium than has happened in the past. The deal, when all is said and done is supposed to rejuvenate baseball’s second oldest ballpark and help turn the team into contenders.

The Chicago Cubs Wrigley field renovation deal is between the team and the city of Chicago. Mayor Rahm Emanuel hailed the agreement between the parties as a ”framework” agreement.

The agreement that has apparently been reached still might not be exactly what the rooftop owners just outside the stadium might be looking for.

Part of the $500 million renovations will include a video board in left field and a new advertising sign in right field that will look an awful lot like the Toyota sign the team currently has erected in the park.

Obviously this particular deal is going to need to get a number of different approvals but both the Mayor’s office and the team believe they can get those approvals by the end of this baseball season.

As part of the revenue package, the team has agreed to add about 10 night games a year, while also having four concerts per year at the venue.

There will apparently be less restrictions on smaller events in the park as well.

The renovation talks coming to a close means that the Cubs will be staying in the heart of Chicago. During the worst part of the talks, there was even talk that the team would move to Rosemont.

That town had promised the team 25 acres free of charge that would be used to build a replica of the historic park.

What do you think about the Chicago Cubs $500 million renovation deal on Wrigley Field?

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