Mayor Lori Lightfoot and Ald. Tom Tunney (44th) are throwing a bone to the billionaire family that owns the Cubs after a 60-game season without fans in the stands at Wrigley Field that cost the team more than $100 million.
At Tuesday’s City Council meeting, Lightfoot introduced an ordinance that would amend the 2014 agreement with the Cubs to delay the team’s annual $250,000 payment to the Cub Fund until 2024 “due, in part, to the COVID-19 pandemic.”
The Cub Fund was created in 2014 to bankroll neighborhood infrastructure improvements including street resurfacing and lighting projects normally funded by $1.