Wrigley Field to be named National Historic Landmark status

22 Novembre, 2020, 20:39 | Auteur: Adelaide Bullion
  • Wrigley Field is baseball heaven

One of the fallouts of the whole announcement was people remembering that Chicago already had a National Historic Landmark in Soldier Field but it was stripped away when they did their remodeling and made a decision to install a spaceship inside the historic columns of Soldier Field.

Wrigley Field, the 106-year-old baseball shrine that's the Chicago Cubs' home, has been designated a National Historic Landmark.

National Historic Landmarks are defined as "buildings, sites, districts, structures, and objects that have been determined by the Secretary of the Interior to be nationally significant in American history and culture".

A Hall of Fame recognition that will preserve the Friendly Confines for generations of fans to come. Whatever official designation you want to give it, Wrigley Field deserves it.

Wrigley Field was built in 1914 but had not had an extensive makeover until the past half-decade when the Ricketts family spent about $1 billion of their own money to refurbish it.

Wrigley was also home to the Chicago Bears from 1921 to 1970.

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While this is definitely cool for anyone who goes to a Cub game to say they are also inside of a National Historic Landmark, it also has pretty significant financial ramifications for the Cubs.

National Historic Landmarks in major league baseball include the aforementioned Fenway Park and the old Tiger Stadium.

The Ricketts Family originally applied for the status back when they started the Wrigley Field renovations seven years ago, as you are entitled to tax credits if you renovate/restore/preserve historic landmarks. As such, certain renovations to said landmarks can qualify for tax credits.

The Cubs should be in for similar tax credits. The Cubs cut payroll in 2020, and could look to continue that trend in 2021 as some key players continue to receive raises in arbitration.

Wrigley Field is the only remaining ballpark connected to the Federal Baseball League, the short-lived rival to the National and American Leagues.

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