Wrigley Field could soon be renovated, after an agreed was reached between Major League Baseball's Chicago Cubs and the city of Chicago.

The Cubs are now entitled to submit formal plan development designs to the city for the $500 million project, which will see considerable upgrades put in place at the venue without funding from the public sector.

The renovations of the 99-year-old venue will include the installation of a new large video board, new signage including a 1,000-square-foot sign in right field and LED ribbons, and a new fan deck in left field. 

The city will vacate a street adjacent to the ballpark and has given clearance for a two-storey merchandise store and visitors' clubhouse in addition to a new 175-room hotel with a retail centre and health club.

The agreement also confirms new settlements on policing, scheduling and clearance for advertising. The team and city hope that the renovation plans can create 2,100 new jobs in Chicago.

Posted on 16/04/2013