Tag Archive | Rooftops

Rooftops vs. Renovations

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Since the 1980’s landlords of former residential buildings positioned across the street from Wrigley Field created a business off of Cubs fans. But this industry now faces an uncertain future if Tom Ricketts gets his way.

A proposed $500-million renovation of the 100-year-old ballpark was approved by the Chicago City Council and is set to begin. However, a binding contract with rooftop owners, giving the team 17 percent of gross revenue, is in effect until 2024. And now with rooftop owners potentially threatening a lawsuit because the proposed signage would obstruct views, the process has come to a halt. Although legal action would only delay the process rather than stop it, said President of Business Operations Crane Kenney, the Cubs still want to maintain a good relationship with their neighbors. Read More…

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