Chicago Cubs Owner Thomas S. Ricketts Unveils $5.3 Billion Wrigley Field Renovation to Transform Fan Experience

Chicago, IL – April 24, 2025 – Chicago Cubs owner Thomas S. Ricketts has announced a monumental $5.3 billion renovation project for Wrigley Field, a bold initiative set to redefine stadium standards and deliver a world-class experience for fans. Named “Wrigley Reimagined,” the project aims to modernize the iconic ballpark while preserving its historic charm, positioning it as a premier destination for baseball enthusiasts and the Wrigleyville community. This ambitious plan has ignited excitement among Cubs fans and sparked conversations about the future of one of MLB’s most cherished venues.

A Bold Vision for Wrigley Field

Wrigley Field, the Cubs’ home since 1914, is a baseball landmark renowned for its ivy-covered outfield walls and vintage scoreboard. Yet, as fan expectations evolve, the need to blend tradition with cutting-edge amenities has become clear. At a press conference on April 24, 2025, Ricketts shared his vision: “Wrigley Field is the heart of Cubs Nation. We’re committed to honoring its legacy while creating an unrivaled experience that competes with the world’s top arenas.”

Building on the $575 million 1060 Project (2014–2019), which added modern facilities like video boards and premium clubs, the Wrigley Reimagined initiative is funded through private investments, corporate partnerships, and enhanced revenue streams. Spanning eight years in phased construction to minimize game-day disruptions, the project is set to transform Wrigley into a beacon of innovation.

Transformative Features of the Renovation

The Wrigley Reimagined project introduces a suite of upgrades to elevate the fan and player experience:

• Expanded Capacity and Accessibility: The ballpark will gain 5,000 seats, bringing capacity to 46,649, with 60 new wheelchair-accessible seats to enhance inclusivity, addressing past ADA compliance issues. Improved sightlines and luxury seating will cater to diverse audiences.

• Advanced Technology: A 6,000-square-foot center-field jumbotron and augmented reality (AR) fan experiences will immerse spectators. Stadium-wide high-speed Wi-Fi and seamless mobile ticketing through the MLB Ballpark app will streamline operations.

• Sustainability Leadership: In partnership with Invenergy, Wrigley will expand solar panels, targeting net-zero carbon emissions by 2030. Green roofs, energy-efficient systems, and rainwater recycling will minimize environmental impact.

• Premium Amenities: Five new hospitality clubs, a rooftop lounge with Chicago skyline views, and expanded dining featuring local vendors like Lou Malnati’s will elevate game-day experiences. A 40,000-square-foot players’ clubhouse will rival top MLB facilities.

• Community Enhancements: Gallagher Way will triple in size, hosting year-round events like concerts, farmers’ markets, and youth baseball clinics. A “Cubs Legacy Museum” will offer interactive exhibits celebrating the team’s history.

These features aim to attract younger fans while safeguarding Wrigley’s iconic elements, including the ivy walls and hand-operated scoreboard, which Ricketts vowed to preserve.

Preserving History Amid Modernization

As a National Historic Landmark since 2020, Wrigley Field’s renovations have sparked debate about balancing heritage with progress. Some fans fear that extensive changes could dilute the ballpark’s unique character, a concern echoed during the 1060 Project when rooftop views were impacted. Ricketts addressed these worries: “The ivy, the scoreboard, the red marquee—these are sacred. We’re enhancing Wrigley’s soul, not changing it.”

The project has secured approvals from the Chicago City Council and Landmarks Commission, with designs by Populous and Thornton Tomasetti ensuring compliance with preservation standards. Skanska, a leader in sustainable construction, will oversee the work, using advanced technologies like 3D laser scanning to protect historic structures.

Economic and Community Benefits

The Wrigley Reimagined project is poised to deliver substantial economic gains for Chicago. An independent study estimates 18,000 job years during construction and 3,500 permanent jobs upon completion, generating $2 billion in labor income. Expanded hospitality and Gallagher Way programming will boost tourism, benefiting Wrigleyville businesses like The Cubby Bear and Nisei Lounge.

The Cubs are prioritizing community engagement. A dedicated portal for residents in zip codes 60613, 60614, 60640, and 60657 will offer project updates and priority access to events. A community solar partnership with Reactivate will provide clean energy benefits to local households, reinforcing the Cubs’ commitment to Wrigleyville.

Reactions from Fans and Players

The announcement has electrified Cubs fans, with X posts praising Ricketts’ vision. One user wrote, “Wrigley’s about to be a bucket-list destination. Thank you, Tom Ricketts!” Players, including shortstop Dansby Swanson, expressed enthusiasm for the upgraded facilities. “Wrigley’s magic is unreal,” Swanson said. “These changes will make it even more special for us and the fans.”

Critics, however, point to the Cubs’ $4.6 billion valuation and mid-tier payroll, urging Ricketts to invest in players like Juan Soto alongside stadium upgrades. Ricketts responded, “Every dollar from Wrigley fuels our roster and community. This project secures our future competitiveness.”

Navigating Challenges

The $5.3 billion price tag has raised eyebrows, particularly after the Chicago Bears’ $5 billion stadium proposal faced public funding hurdles. Unlike the Bears’ plan, Wrigley’s renovations are privately funded, avoiding taxpayer costs. Still, negotiations with rooftop owners, impacted by past signage additions, may pose challenges as new structures are introduced.

Accessibility is a focal point following a 2022 DOJ settlement that added 31 wheelchair-accessible seats. The new project doubles down on inclusivity, with enhanced ramps, elevators, and sensory-friendly spaces to ensure all fans feel welcome.

A New Chapter for Wrigley Field

As the Cubs gear up for the 2025 season, boasting a 16-9 record and a potent lineup featuring Cody Bellinger and Seiya Suzuki, the Wrigley Reimagined project signals a transformative era. Manager Craig Counsell sees the upgrades as a catalyst: “Wrigley’s energy is unmatched. This will inspire our team and fans for decades.”

Construction begins in November 2025, starting with structural reinforcements and concourse expansions, with full completion slated for 2033. As Wrigley Field evolves, it aims to remain the soul of Cubs Nation, blending its storied past with a future that rivals global venues like Fenway Park and Oracle Park.

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