The Chicago Cubs and their hometown city reached an agreement for a $500 million renovation of Wrigley Field on Sunday, according to ESPNChicago.com. The projected renovations will include an electronic video screen that is nearly three times as large as the current one located atop the center-field bleachers of the 99-year-old ballpark.
The deal would also increase the number of night games at Wrigley Field from 30 to 40 -- or nearly half the games played there each season. The agreement grants Cubs chairman Tom Ricketts the ability to renovate the second-oldest park in the major leagues, boost business and perhaps make baseball's most infamous losing franchise competitive again.
Chicago mayor Rahm Emanuel praised what he called a "framework" agreement in a joint statement issued to ESPN Sunday night, noting that the deal includes no taxpayer funding.
"This framework allows the Cubs to restore the Friendly Confines (of Wrigley) and pursue their economic goals, while respecting the rights and quality of life of its neighbors," Emanuel said.
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