CHICAGO - The Illinois Sports Facilities Authority is preparing a revised bid to purchase and renovate Wrigley Field - the historic home of the Chicago Cubs - that won't rely on public tax subsidies or tax-exempt borrowing, authority chairman James R. Thompson said Wednesday.

Thompson declined to elaborate on details of the formal proposal that will soon go to the Tribune Co. - owners of the Major League Baseball franchise and the ballpark on Chicago's north side. Thompson, a former Republican governor, briefed authority board members on the status of negotiations in a closed-door board session late Wednesday in the offices of Winston & Strawn LLP, the law firm where he serves as a senior chairman.

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