Tom Ricketts says he remains committed to refurbishing Wrigley Field rather than moving to the suburbs.

The Chicago Cubs won approval from Chicago's city council last July for a $500 million renovation.

Wrigley Field turns 100 on April 23.

"We've been approached by several suburban sites and alternatives to move the Cubs to a new ballpark," Ricketts said, "and although I haven't studied it thoroughly, I imagine that's probably an attractive proposition for us.

"But we've made it our priority to try to stay where we're at because of what it does mean to the neighbors and what it does mean to the city, both economically and just from the standpoint of quality of life in general."