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Quinn, Daley Nix Wrigley Renovation Pitch

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Quinn, Daley Nix Wrigley Renovation Pitch
Quinn, Daley Nix Wrigley Renovation Pitch

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New Club: MLB and a bankruptcy judge approved the sale of the Chicago Cubs to rich guy Tom Ricketts.

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Gov. Pat Quinn and Chicago Mayor Richard Daley on Monday expressed skepticism about a plan by owners of the Chicago Cubs that seeks state help with the renovation of Wrigley Field.

Daley said he likes the idea of keeping the Cubs at Wrigley Field for at least 35 years, but said he will not saddle his successor with a plan that hobbles amusement-tax growth.

The Ricketts family wants Illinois to float up to $300 million in bonds to finance renovations at the 96-year-old ball park. The bonds would be paid off with the amusement tax currently paid by fans attending Cubs games.

Quinn says he is "very skeptical of the whole thing."

Cubs owner Tom Ricketts told the Chicago Tribune he doesn't have a Plan B if the state rejects his proposal.

The request was the second appeal to the State to help finance renovations at Wrigley Field. Two years ago, the Tribune Co., then owner of the Cubs, proposed a plan financed by 30 years of sales and amusement tax growth, but it was also shot down by Daley.
 

Related Topics Pat Quinn, Mayor Daley, Cub Dum Dum
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