5/1 Ricketts: “We’ll consider moving”
Cubs chairman Tom Ricketts says the team may have to move out of Wrigley Field if they cannot get approval for more signage in the outfield, including a 6,000-square foot video scoreboard proposed for left field. Ricketts discussed the Wrigley renovations at a City Club of Chicago breakfast Wednesday. He said the Cubs hope to get $20 million annually from the new outfield advertising. The signage is opposed by rooftop owners who feel it will block their views.
“I’m not sure how anyone is going to stop the signs in the outfield but if it comes to the point that we don’t have the ability to do what we need to do in our outfield then we’re going to have to consider moving,” Ricketts said. “It’s as simple as that.”
There are no plans to raise ticket prices now, Ricketts said.
“We have to generate revenue,” said Crane Kenney, Cubs president of business operations, at the event. “We have to catch up to our large market competitors on ballpark revenues so this project has to work from a financial perspective as well.”
Ricketts said the team will file its proposal with the city on Wednesday. The Cubs have proposed a $300 million renovation plan for Wrigley Field and an additional $200 million plan for the neighborhood that will be completed over five years.
– Carrie Muskat