Chicago's Christmas tree will be cut down in Logan Square Friday

CHICAGO (CBS) — Chicago's official Christmas tree will be cut down Friday in Logan Square on Friday. 

This year's tree is a 53-foot Colorado blue spruce donated by the Holden-Shaddick family. 

The owners say the tree was planted almost 50 years ago by the home's previous owner, Jim Mulligan. Mulligan worked for the city and is being honored with a street sign. 

Mulligan's daughter said she was "in tears" when she found out her father's tree was selected. She said her father was a staple of Logan Square. 

"His name is always going to be tied to this; it's going to be a memory; it's going to be something everybody knows," Mulligan's daughter said. "It's always going to carry his name with it. I just love that this is happening." 

"I think its cool because that's going to be my tree that was in my backyard," a Holden-Shaddick family member said. 

CBS News Chicago's Irika Sargent and Joe Donlon will host Chicago's tree lighting ceremony on Friday at 6 p.m.