The Illinois Sports Facilities Authority’s efforts to purchase and renovate the Chicago Cubs home — Wrigley Field — have stalled because the ballpark’s owner, the Tribune Co., believes some sales and amusement taxes or new taxes are needed to support the deal.

In a statement, the authority’s chairman, former Illinois Gov. James Thompson, said the ISFA could not agree to such a deal. “In our judgment, there are no votes in the City Council or in the Illinois General Assembly for transferred or new taxes for Wrigley Field,” he said.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.