It seems like the McDonalds at Clark and Addison has been there almost as long as Wrigley Field. But now there’s a plan to replace the fast food restaurant with a boutique Sheraton Hotel.
The Ricketts family owns the Cubs and the land across the street which is also home to a collapsible Cubs merchandise store. Today the family announced the deal with Starwood hotels, the parent company of Sheraton. But before the hotel is built, the Ricketts family has to first take care of the ballpark.
Ricketts’ family spokesman Dennis Culloton says it’s a little too early to talk about a timeline.
“In order for Wrigley to remain strong… it needs a major capitol reinvestment,” he said.
Today the president of Starwood released a statement that reads in part: “We look forward to collaborating with the Ricketts family to bring a global hotel icon to one of North America’s most beloved baseball teams and the vibrant Lakeview community.”
Some north side neighbors aren’t too thrilled about the plan and worry a hotel could create more congestion in the area.
“It’s going be a very messy area,” said Louis Smith.
Others neighbors disagree.
“I think it’s a good idea, bring more money in, more jobs in,” Gilda Reardon said.
And speaking of jobs, Culloton said, “Overall for the neighborhood and the ballpark there’s a 500 million dollar job, and more than a thousand construction jobs.”