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Old Posted Apr 30, 2008, 6:55 AM
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nomarandlee nomarandlee is offline
My Mind Has Left My Body
Join Date: Jan 2006
Posts: 3,013
The ISFA isn't going away on this


New Wrigley Field proposal on deck
Thompson says plan uses no tax dollars
By Kathy Bergen | Tribune reporter
April 30, 2008

The leader of the Illinois Sports Facilities Authority said Tuesday that the agency has solved a seemingly intractable puzzle: How to purchase and renovate Wrigley Field without using any state or local tax dollars.

"We are working on a proposal to present to Tribune Co. that will allow ISFA to acquire and fully restore Wrigley Field, as well as add parking and neighborhood improvements, without using any public tax money, either state or local," said former Gov. James Thompson, chairman of the agency.

The bid will be delivered "shortly," Thompson said.

............Team lease payments and the sale of partial naming rights would cover the cost of purchasing the park, Thompson said

Thompson said. But he declined to disclose what revenue stream would pay for the renovation, estimated to cost about $400 million, saying he didn't want to negotiate that in the media. He ruled out the sale of personal seat licenses...............
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