Chicago Cubs chairman Tom Ricketts says that the framework for a deal to renovate Wrigley Field will bring a World Series to a fan base that hasn't seen a championship since 1908.
The agreement was reached with the city of Chicago.
"This massive investment will help us generate the resources we need for our baseball operations to develop championship-caliber players," Ricketts said at a news conference at Wrigley. "If this plan is approved, we will win the World Series for our fans and our city.
"We need this project in order to bring our fans a winner."
The framework of the deal includes a $500 million face-lift for the second-oldest park in the majors.
Via ESPN