Chico Questions Wrigley Renovation Plan
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CHICAGO (CBS) - Mayoral candidate Gery Chico is taking aim at the Cubs’ plan to renovate Wrigley Field.
Chico says the team has gone about the plan all wrong, and he does not favor using future tax revenues to finance the project.
He says the team owners should have met with lawmakers before making their plan public.
The Ricketts family, which owns the Cubs, wants to get the General Assembly to approve a plan for the state to float up to $200 million in bonds that would be repaid by growth in amusement tax charged on Cubs tickets.
The Cubs would provide another $200 million in financing.
Ricketts said the plan would allow for the preservation of Wrigley, while giving tax benefits to the city, county and state.