Mesa releases details on city's terms with Chicago CubsPosted: Updated:
MESA, Ariz - City managers released a new term sheet spelling out the city's agreement with the team.
It’s the first time voters have been given a solid estimate of what the city will need to pay in order to keep the Chicago Cubs in town.
In addition to the $84 million Mesa will spend for the facilities, engineers estimate Mesa will need to pay about $1.8 million to improve streets bordering Riverview Park and a little more than $13 million for on-site improvements like access roads, parking and utilities.
That puts the total bill at about $99 million.
The term sheet also specifies that Riverview is now the preferred site for the new training facility.
That also means Mesa would lease the land to the Cubs rather than sell it, so the city can stay in control of the quality of the project.