The owners of the Chicago Cubs want the help of the state of Illinois in their plans to renovate Wrigley Field.
The Ricketts family, which bought the Cubs in 2009 for $845 million, 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 already paid by fans attending games at Wrigley Field.
Cubs Chairman Tom Ricketts says the plan is not about adding seats, but instead “saving the stadium and making the fan experience better.”
Under the plan, renovation would begin after the 2011 season and continue three to five seasons without requiring the Cubs to find a temporary home.
Gov. Pat Quinn said Thursday he has no knowledge of the plan, which the Illinois General Assembly must approve.