City Council approves Wrigley Field renovation deal

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Historic Wrigley Field will indeed undergo a major, renovation project.

Chicago aldermen approved on Wednesday the Cubs’ proposal to spend $500 million to overhaul the ballpark, and build a hotel, and office-retail complex nearby. The approval comes after months of intense negotiations between the Cubs, Mayor Emanuel, and 44th Ward Ald. Tom Tunney.

The plan calls for a 5,700-square-foot video board in left field, and a see-through billboard in right field.

The agreement is expected to boost tax revenue and does not include a taxpayer subsidy.

The deal doesn’t include some other hot button issues, including a proposal to extend the right field wall back even farther. The team also agreed to drop its request for a pedestrian bridge over Clark Street.

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