Chicago Cubs Host 1060 Project Groundbreaking Ceremony at Wrigley Field

City Officials, Cubs Alumni and Other Dignitaries Show Support of Wrigley Field'S Restoration and Expansion

CHICAGO - The Chicago Cubs and Ricketts family hosted Mayor Rahm Emanuel, Major League Baseball Commissioner Allan H. (Bud) Selig, former Cubs pitchers Milt Pappas and Kerry Wood, city and state officials, community and corporate partners and representatives from the project team at today's groundbreaking ceremony for Wrigley Field's long-awaited expansion and restoration, now titled The 1060 Project.

More than 350 people joined the team for today's event, which included a ceremonial dig with shovels in the ground and a backdrop of construction already underway in the outfield.

"After years of working on a solution to save and improve Wrigley Field, we are thrilled to break ground on The 1060 Project," said Cubs Chairman Tom Ricketts. "This day marks a significant milestone in our quest to provide our players and fans with the best facilities in baseball."

The 1060 Project will ensure the viability of the ballpark for future generations of Cubs fans, while preserving the beauty, charm and historic features fans have come to know and love. The four-year plan - which includes structural updates; improved player facilities; new signage, including video boards in left and right field; expanded concessions; new and improved restroom facilities and much more - will be rolled out in four separate phases, beginning in the 2014 offseason. The privately-funded $575 million project will create approximately 2,100 jobs and generate $1.2 billion in net new revenue to the local economy over the next 30 years. A Project Labor Agreement with the Chicago and Cook County Building & Construction Trades Council will ensure these jobs go to workers in Chicago and Cook County, with a goal of 15 percent of total billed man hours to be filled by qualified economically disadvantaged and/or dislocated workers.

"This restoration project is a significant private investment that will create thousands of jobs, ensure Wrigley Field can be enjoyed by Chicagoans for generations to come, and help the Cubs toward their goal of giving their fans a long-awaited World Series Championship. And with this project, the Cubs are investing in more than just their historic stadium. They will continue to be a good neighbor by investing in the surrounding area for traffic flow, security and public parks. This is a great step for the Cubs and for all of Chicago," said Mayor Emanuel.

The 1060 Project team includes Pepper Construction, which has nearly a century of experience working on large-scale projects such as the Merchandise Mart, Marshall Fields and the Shedd Aquarium; VOA, a full-service international architectural firm that designed many high-profile projects in the Chicago area, including Navy Pier, the Old Town School of Folk Music and Prentice Women's Hospital; D'Agostino Izzo Quirk Architects (DAIQ), a full-service architectural firm instrumental in restoring Boston's Fenway Park, Dodger Stadium and The Rose Bowl; ICON Venue Group, a project management company that has produced more than $4 billion worth of home venues for franchises in each major professional sports league, including work on Chicago's U.S. Cellular Field, Toyota Park in Bridgeview and the Cubs' new Spring Training complex in Mesa, Ariz; and Harboe Architects, led by nationally known, Chicago-based preservation architect Gunny Harboe, who has had oversight of major restoration projects such as the Sullivan Center, Chicago Board of Trade Building and Field Building.

The team's primary focus of the project's first phase, to be completed this offseason, is infrastructure work. The ballpark's structural steel and foundation will be strengthened, while much of the concrete in the Budweiser Bleachers will be replaced. In fact, more than 50 million pounds of new concrete will be poured at the Friendly Confines during the entire restoration. The first phase also includes the expansion and improvement of the left- and right-field Budweiser Bleachers. This expansion will provide more room for fans in the concourse, additional concession areas and new group terraces where fans can congregate during Cubs games and other events. Several new outfield signs will be added this offseason, including a 3,990-square-foot video board in left field and a smaller 2,225-square-foot video board in right field.

Subsequent phases will address improvement and expansion of player facilities; new bullpens and batting tunnels; new restrooms, concessions, seats, luxury suites, clubs, restaurants, retail and entertainment spaces for fans; additional commissary space for food preparation; and an improved press box. A separate Ricketts family development will feature a hotel, fitness club, retail space and open-air plaza adjacent to the ballpark.

For additional information about The 1060 Project, please visit www.wrigleyfield.com.