The Ricketts family are now offically owners of a McDonald's. This is nothing that would normally raise any eyebrows, except this McDonald's is on Addison Ave. across the street from Wrigley Field and cost them $20 million.
↵↵↵The McDonald's property is on a valuable corner that fits nicely into the family's big plans to own more of the entertainment dollars that baseball fans spend on game days. The area around Wrigley Field has become a lucrative entertainment district with bars, restaurants and rooftops catering to fans. But nearly all of the properties are owned by other landlords.
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The Ricketts claim to have nothing currently planned for the McDonald's or the parking lot surrounding it, but future renovations must include a McDonald's, per the agreement. For now, Ricketts will sell Cubs merchandise in the parking lot. Something tells me that is not the endgame.
↵Author's Note: More on a first hand take of the scale model of the Triangle Building from former Cubs employee, Z.W. Martin, and the potential plans the Rickett's have for their newly acquired property tomorrow.
↵Twitter @ZWMartin