Team would use extra tax revenue, says extra business would benefit city
We hear the Cubs are quietly working to amend their proposal to renovate Wrigley Field. In simple terms, the team would match its previous tax payments to the city — $16 million in 2009 — while keeping any tax revenue above the base for park renovations and perhaps construction of the long-planned triangle building. Once the team has what it plans built, the Cubs argue the additional business will increase taxes collected.
“The plan they came up with for this renovation was a non-starter,” governor Pat Quinn said Monday on ” Chicago Tribune Live” on Comcast SportsNet. “It didn’t have public support. They have to go back to the drawing boards.”