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respect wrigleyMore smoke on the Wrigley-Field-renovation-deal-coming-on-Monday fire.

The Sun-Times has reported that, according to two sources close to the negotiations, the Chicago Cubs and the City of Chicago will be in a position to announce a deal that paves the way to the long-awaited renovations of Wrigley Field. The Ricketts Family is willing to pay for the $500 million project (Wrigley renovations, and surrounding amenities) so long as certain restrictions on how they can monetize Wrigley Field are lifted by the City, in agreement with the neighborhood.

Per the Sun-Times report, that’s exactly what’s going to happen. Although the details are likely still being discussed, the sources shared the following:

  • The Cubs will be allowed to place “at least” two new advertising signs in the outfield, one of which will be a large video board in left field, and one of which will be a more standard sign in right field.
  • The size of the video board is still being debated. (Recall, the Cubs want a board of at least 6,000 square feet, while the City is blanching at anything larger than 3,000 square feet.)
  • The video board in left and the sign in right would “minimally” block a “couple” of the rooftop buildings, who’ve feared that the erection of outfield signs would block their views into Wrigley Field, putting them out of business.
  • The deal will allow the rooftops to continue operating for at least the next 11 years, which is the term of their agreement with the Cubs. An extension of that agreement is not expected to be part of the deal
  • The deal will include an increase in allowable night games for the Cubs, from the current limit of 30 to “40 or more.”
  • Six to ten 3:05pm starts – presumably on Fridays and Saturdays – could be included.
  • More concerts are expected. Currently, the Cubs are limited to three.
  • The Cubs are expected to pay for increased police security.
  • The Ricketts Family is expected to build the recently-discussed parking garage, which would accommodate about 300 cars.
  • The deal is expected to be done in time for the Wrigley Field opener on Monday. I’d expect a joint press conference to be called at some point in the next couple of days, which will confirm that a deal is done.
  • Pingback: Obsessive Wrigley Renovation Watch: Tunney and a Cubs Source Essentially Confirm a Deal is Coming | Bleacher Nation | Chicago Cubs News, Rumors, and Commentary

  • Larry Bittnet

    I just don’t understand how a parking garage next to Wrigley will benefit traffic after the games. If anyone chooses to park in it then it will take too long to get out. Also, how does funneling 300 cars onto the Wrigley intersections improve traffic flow (a concern of local residents)? Do they really intend to utilize the triangle lot for 300 cars? What a waste of real estate. 300 cars is nothing –about 900 people? In a ball park that holds 40,000? I must be missing something. Can anyone clarify?

    • STH Section 514 Row 3

      Larry, my guess is the statement is more directed towards resident parking complaints and less about traffic. Residents get upset when they come home from work and Cubs fans have illegally parked in their zoned parking spots. Most of the time the illegal parkers are gone by 5pm because of the 1:20 start times and it’s less of an issue. However, if the Cubs begin to start games at 3:05 or more at night, it becomes a bigger problem.
      Even if police ticket every car parked illegally it still has to be frustrating as a resident to have to deal with. I actually agree with Tunney on this one, however I think it would be easier to just tow every vehicle that is illegally parked in these spots. If that were the case you and I could open up a tow truck company right around the corner make a mint.

      • BB

        Hi Seth,

        I’m afraid you are incorrect in your assumption. There isn’t a huge problem with illegal parking. What causes the congestion are the home owners who rent their private garages and then move their cars onto the street during the games. This doubles the amount of legal cars on the street. For those who don’t have private garages, there is nowhere to park. Of course during day games and weekend games there are no parking restrictions. Cubs fans can park anywhere they want–which is also a nightmare. Building a parking garage will not solve the parking problem. It will just encourage MORE people to drive. When more people drive, that does not improve parking conditions. It causes total traffic grid lock. If you don’t believe me, consult the urban planning reports that said this exact thing when parking was considered as part of the Addison Park development across from Wrigley field. I should also mention, Grace is a residential street with very nice homes which will be impossible to get to 81 days out of the year–killing property values.

  • hogie

    I wasn’t around way back when, but was there such an uproar when they added seats, the Captain Morgan deck, or all the bleachers? I know that there was some discontent when the lights were put in, but there have been changes to the park throughout it’s history. I understand some of the hesitation with the jumbotron, but there are several examples of renovations (all be it much smaller). I don’t live in the area, are the Ricketts such polarizing figures in the community?

  • Pingback: Obsessive Wrigley Renovation Watch: The Rooftops Might Be Readying a Lawsuit | Bleacher Nation | Chicago Cubs News, Rumors, and Commentary

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