December 3, 2010 by USA Post
Chicago Cubs, The proposal by the Chicago Cubs to use taxpayer money to finance over 200 million and improvements at Wrigley Field so far has missed the strike zone, but ownership of the team not giving up.
When Tom Ricketts Cubs president unveiled the plan last month, he had hoped to prompt legislative approval of its proposal for funding the requested State to issue bonds on behalf of the team. He said a bill could be presented at the session of the General Assembly of veto held last week in Springfield.
But the team concept is never converted into a bill for legislators to consider because of objections to how the bonds would be repaid. The General Assembly veto session ended on Thursday morning.
The absence of legislation on Wrigley did not come as a surprise to many because the Cubs plan received little support from key elected officials. Governor Pat Quinn and Mayor Richard Daley had both asked if the renovation of a private stadium was a good use of public funds when the state and city are facing budget problems.
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