After weeks of intense negotiations, the Chicago Cubs, Mayor Rahm Emanuel and 44th Ward Alderman Tom Tunney have finalized an agreement that will spur the team to begin its five-year, $500 million plan to renovate Wrigley Field and develop property around the stadium.
Keeping in mind that this is just a framework for new community initiatives, relaxed game-day restrictions and new allowances for the Cubs that will have to go through the usual process of city and community approval.
The deal includes:
NIGHT GAMES AND GAME TIMES
SHEFFIELD AND WAVELAND AVENUES
‘TRIANGLE PROPERTY’ DEVELOPMENT
SHERATON HOTEL ACROSS THE STREET
CONCERTS AND EVENTS
OTHER DEVELOPMENTS The Cubs will be allowed to build a two-story Captain Morgan Club on Addison Street, with a merchandise store and first-floor space for the visiting team clubhouse. The current Captain Morgan Club, one the southeast corner of the ballpark, is a small, one-story pavilion.