Updated 05/01/13 – 1:53 p.m.
CHICAGO (CBS) — For the first time since taking ownership of the Cubs, chairman Tom Ricketts has publicly said he will move the team if his proposed Wrigley Field restoration plans were not approved by the city, but Mayor Rahm Emanuel said he doesn’t take that threat seriously.
Speaking at the City Club of Chicago on Wednesday morning, Ricketts revealed the latest $500 million restoration plans, which will be submitted to the city today, for later votes by the Chicago Plan Commission, the Commission on Chicago Landmarks, and the City Council.
The plan includes a 6,000-square-foot, three-panel video scoreboard in left field, with advertising along the top, and a 1,000-square-foot sign in right field.
“The fact is if we don’t have the ability to generate revenue in our own outfield, then we’ll have to take a look at moving. No question,” Ricketts said.