According to Tribune staff reporter Ameet Sachdev, "owners of the Chicago Cubs bought property across the street from Wrigley Field from McDonald's Corp. for $20 million, expanding their opportunities to redevelop areas around the stadium."
Sachdev writes that "a spokesman for Cubs Chairman Tom Ricketts said he and his family have not developed plans for the property yet."
"The area around Wrigley Field has become a lucrative entertainment district with bars, restaurants and rooftops catering to fans. But nearly all of the properties are owned by other landlords. ... Their original plan, which included the use of amusement taxes paid on Cubs tickets, received little political support. But the family continues to have conversations about public financing with Mayor Rahm Emanuel and members of the General Assembly," says Sachdev
Below, courtesy of the Chicago Tribune, is the view of the McDonald's restaurant, a parking lot and Wrigley Field at the intersection of Clark and Addison in Chicago. The Ricketts family has reportedly paid $20 million for the property which includes the McDonald's restaurant and a parking lot. (Antonio Perez/Chicago Tribune)
FULL STORY: Ricketts family buys McDonald's land across from Wrigley Field
New Public Space Outside Wrigley Field Just Another Win for Chicago
Chicago Cubs fans looking to bask in the glory of the team's first World Series victory since 1908 will find a new public plaza and lawn next to the stadium. The plaza will be open to the public on non-baseball days too.
City Nixes Idea to Shut Down More Streets for Cubs Games
Any open streets benefits for a proposal to shut down Clark and Addison streets near Wrigley Field would have been secondary to security concerns—but it's all conjecture after the Mayor's Office nixed the idea.
Chicago Cubs Begin Renovations on Historic Wrigley Field
The controversial 1060 Project to renovate the Home of the Chicago Cubs broke ground over the weekend on a renovation proposal that will allow a mix of uses on the ballpark property.
Maui's Vacation Rental Debate Turns Ugly
Verbal attacks, misinformation campaigns and fistfights plague a high-stakes debate to convert thousands of vacation rentals into long-term housing.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
In Urban Planning, AI Prompting Could be the New Design Thinking
Creativity has long been key to great urban design. What if we see AI as our new creative partner?
King County Supportive Housing Program Offers Hope for Unhoused Residents
The county is taking a ‘Housing First’ approach that prioritizes getting people into housing, then offering wraparound supportive services.
Researchers Use AI to Get Clearer Picture of US Housing
Analysts are using artificial intelligence to supercharge their research by allowing them to comb through data faster. Though these AI tools can be error prone, they save time and housing researchers are optimistic about the future.
Making Shared Micromobility More Inclusive
Cities and shared mobility system operators can do more to include people with disabilities in planning and operations, per a new report.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
planning NEXT
Appalachian Highlands Housing Partners
Mpact (founded as Rail~Volution)
City of Camden Redevelopment Agency
City of Astoria
City of Portland
City of Laramie