Cubs Chairman, Chicago, Reach Wrigley Renovation Deal

Cubs chairman Tom Ricketts says a $500 million deal with the city of Chicago to renovate the nearly century-old Wrigley Field is a milestone.

Ricketts spoke to reports Monday at Wrigley Field, the day after the deal with the city was announced. The plans include an electronic video screen and more night games. It still needs final approval.

Ricketts said the financial impact of the proposal would help lead the team to the World Series. He said if the plan is approved the team would "win the World Series'' for its fans and players.

The last World Series championship for the Cubs came in 1908 - six years before Wrigley was built.

Ricketts calls it a "massive investment'' that includes community contributions, like $1 million for a local park.

Meanwhile, the Wrigleyville Rooftops Association says its members will do what's necessary to enforce their contract with the Chicago Cubs as the team moves forward with renovations.

The rooftop association released its statement Monday.  The rooftop owners say they'll participate in the process.

They say any deal shouldn't violate their contract.

Previously rooftop owners have threatened to sue if the renovation does anything to hurt their business.