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Ricketts: Cubs will win World Series with new deal

Published: Sunday, April 14, 2013 11:39 p.m. CDT • Updated: Monday, April 15, 2013 12:35 p.m. CDT
The Cubs and the City of Chicago announced Sunday night a deal had been reached for the Cubs to proceed with a $500 million renovation of Wrigley Field and the surrounding area that will be paid for by the team. (AP Photo/Jim Prisching)

CHICAGO (AP) — Cubs chairman Tom Ricketts says a $500 million deal with the city of Chicago to renovate the nearly century-old Wrigley Field is a milestone.

Ricketts spoke to reporters Monday at Wrigley Field, the day after the deal with the city was announced. The plans include an electronic video screen and more night games. It still needs final approval.

Ricketts says money earned from the proposal would give the team the resources to get to the World Series. He says if the plan is approved the team would "win the World Series" for its fans and players. The last World Series championship for the Cubs came in 1908 — six years before Wrigley was built.

Ricketts calls it a "massive investment" that includes community contributions, like $1 million for a park.

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