The City Council Finance Committee approved on Tuesday an estimated $8.5 million in tax breaks over 12 years for Wrigley Field Holdings, LLC to offset some of the costs of the planned redevelopment of Wrigley Field.
Aldermen approved the tax break unanimously by voice vote and with no discussion, save an endorsement from Alderman Tom Tunney, whose 44th Ward includes the Cub’s baseball stadium. Tunney described the property tax relief as “another chapter” in the multi-layered and controversial plan to redo Wrigley Field and the immediate surrounding area.
