A plan to renovate 99-year-old Wrigley Field broke new ground this week as Chicago Cubs owner Tom Ricketts revealed new details of the estimated $500 million project proposal during a speech to the City Club of Chicago.
"In these kinds of sideways economic times, it's really a nice boost for the city. We're talking about 2,100 jobs. We're talking about hundreds of millions of dollars in economic development," Ricketts told CNBC's "Squawk Box" on Wednesday.
The renovation plan includes several key upgrades for players (including an improved clubhouse) as well as many improved amenities for fans (including a giant outfield video board and enhanced entertainment offerings).