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Tuesday, March 20, 2012

Ricketts drums up support for Wrigley Field funding in Naperville

Deficiency of vitamin D(ollar)...

A key to achieving that goal, he said during an appearance Monday before the Naperville Area Chamber of Commerce, is the preservation and improvement of 98-year-old Wrigley Field. Ricketts made his pitch for support for the team acquiring $200 million in public funds to make that happen.

“We need to improve it. When everyone is in their chairs, they’re pretty happy. When they have to get up to get in line for the washroom or food, then some of the shortcomings step up and you can kind of see them. So it’s definitely our goal to preserve the park for the next generation of fans, as well as improve the amenities for the people who come today,” he said.

...He said he believes “people are starting to get” that Wrigley Field is in a unique situation regarding the way it is funded, and he’s confident a solution can be found. When it is, he urged everyone to contact their local politicians for support.

“There’s 30 teams in baseball, and there’s really two ways that you finance your stadium. One model, which about 25 teams use, is that you have a public agency build and provide you a stadium and you pay rent and expenses and some sort of amusement tax,” Ricketts said. “The five other teams use a different model where they cover all of their expenses, but they don’t pay any taxes. Believe it or not, Chicago has a hybrid model where you cover all of your own expenses, remain totally private and pay the second-highest taxes in the league.”

Repoz Posted: March 20, 2012 at 05:03 AM | 7 comment(s) Login to Bookmark
  Tags: business, cubs, stadiums

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   1. McCoy Posted: March 20, 2012 at 11:21 AM (#4085110)
20 years ago I'd say Naperville was a White Sox town. Now I'd say it is 70/30 Cubs.
   2. Swedish Chef Posted: March 20, 2012 at 12:27 PM (#4085193)
Just say no, what would the Cubs do, move to Salt Lake City?
   3. Voros McCracken of Pinkus Posted: March 20, 2012 at 02:46 PM (#4085371)
“The five other teams use a different model where they cover all of their expenses, but they don’t pay any taxes. Believe it or not, Chicago has a hybrid model where you cover all of your own expenses, remain totally private and pay the second-highest taxes in the league.”

Mr. Ricketts I have a Miss Julie London on line one.
   4. Dan Lee tips his cap respectfully to JackVincennes Posted: March 20, 2012 at 03:23 PM (#4085408)
Hey, I've got an idea: They could fund the renovations by starting a company that buys up all the Cubs tickets and sells them at inflated prices.

Nah, they'd never do something like that...
   5. valuearbitrageur Posted: March 20, 2012 at 05:08 PM (#4085504)
in the shock of hearing about a MLB team being forced to pay both rent and taxes, millions of small businessman shed tears of sympathy.
   6. Eddo Posted: March 20, 2012 at 05:59 PM (#4085535)
20 years ago I'd say Naperville was a White Sox town. Now I'd say it is 70/30 Cubs.

Agreed. Nearly all my friends from growing up (in Naperville) are Sox fans. Now, I get the distinct impression there are many more Cub fans.

I guess it makes sense. Downtown Naperville is the Wrigleyville of the suburbs.
   7. TerpNats Posted: March 20, 2012 at 06:02 PM (#4085538)
So in other words, if Harry Kalas was growing up today, his first MLB game would be at Wrigley...and when he tried to get autographs from the visiting team, he would become a Washington Nationals fan. Many years from now, he would emcee a ceremony unveiling a Ryan Zimmerman statue.

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