Labor, businesses to back Ricketts' Wrigley plan
November 15, 2010 (CHICAGO) (WLS) -- Labor leaders and business owners will join Cubs Chairman Tom Ricketts on Tuesday to show their support for plans to renovate Wrigley Field.
Last week, Ricketts said he wanted the state to sell $300 million in bonds to finance improvements at the ball park.
The money would also pay for the development of the nearby Triangle Building.
Ricketts wants to pay back the bonds with money raised with part of the amusement tax paid on each ticket to a Cubs game.
Both Mayor Richard M. Daley and Governor Pat Quinn are skeptical of the plan.
Ricketts says it will generate billions in economic growth and create hundreds of jobs.
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- Woman stabbed after leaving Wicker Park...
45 min ago
- Man turns self in after baby dies in crash
31 min ago