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Old 01-21-2013, 11:00 AM
Irishsox1 Irishsox1 is offline
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Join Date: May 2002
Location: Chicago, IL
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Quote:
Originally Posted by roylestillman View Post
Also I wonder if the Ricketts realize that dropping the Landmark status will remove the Class L property tax break on Wrigley for both the current park and any improvements to the park they may do.
I can't tell if the Cubs are receiving any Class L relief and that if the removal of the landmark status would result in a higher tax bill. I'm guessing whatever additional revenue the improvements would bring in would offset any additional increase in taxes. Anyways, the removal of the landmark status would give the Ricketts the ability to make changes to Wrigley without running every proposed idea through the government, which I imagine drags their feet.

Also, for 2011 the Cook County Fair Market Value for Wrigley Field was $32,119,984 with a real estate tax bill of $1,493,002.47.
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