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PostPosted: Thu May 29, 2014 9:38 am 
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Boilermaker Rick wrote:
rogers park bryan wrote:
I hate this whole thing.

I fucking HATE non baseball baseball stuff to begin with and this is just the worst
The ultimate ending will be the same though.

Pay the rooftop owners to go away. That is what they should have done from the start.

The Cubs could do some pretty cool things if they owned most of the rooftops anyways.


and they wouldn't have to buy the buildings

buy the air rights. I would bet most of the rooftop owners find it to be more of a hassell than it was worth anyway. Buy their rooftop components then contract with them to manage.

There are reasonable ways out of this thing that haven't been explored.

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PostPosted: Thu May 29, 2014 10:10 am 
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good dolphin wrote:
Kirkwood wrote:
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Dan Bernstein‏@dan_bernstein·
Source: Mayor's #Cubs comments today are "political cover," and any issues are minor. Team and city still anticipate approval of plans.


Dan Bernstein‏@dan_bernstein·
Rahm needs to provide the appearance that #Cubs plans' approval is not a rubber-stamping (which it pretty much is).

He's been wrong so many times on this situation. Love his matter-of-fact attitude.


He will claim he was correct when it gets passed even after it goes through a change in substance.

Continuance of a month or two is a slap on the wrist no matter how the Cubs or ignorant Dan want to paint it. While the dates might seem insignificant, it is most likely adding 6+ months to a project they estimated could start in July.



I think at the heart of it bernstein is probably right though. When I first saw that dumb ass video I figured it was business as usual, but apparently Julian Green may finally be earning his paycheck and they approached City Hall before they put that out there. As much as Rham is on anyone's side but his own, I think he leans the way of the Cubs on this one. But it was really dumb to throw that on the docket of the Landmarks Commission so quickly. It made it appear to be a fait accompli- which it most likely is- but anyone with a brain knows you need better kabuki than that. It was going to raise a hue and cry that Rahm was jamming it down the neighborhood's throat and neither Rahm nor Tunney can live with that perception.

In related news, Mully carrying more water for the Cubs and supporting the editorial stance of WSCR with this brilliant opinion: "It just seems that every time the Cubs have a great plan, a mayor or some other politiucian throws up a roadblock." Yeah Mully, just let billionaires do whatever they want. It's their money! That's awesome urban planning.

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PostPosted: Thu May 29, 2014 10:32 am 
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Crane Kenney has said they tried to outright purchase the rooftop seating businesses. I don't know how serious the offers were, of course.

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PostPosted: Thu May 29, 2014 2:16 pm 
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immessedup17 wrote:
Crane Kenney has said they tried to outright purchase the rooftop seating businesses. I don't know how serious the offers were, of course.

He offered them his Cubs Jersey and Billy Joel tickets


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PostPosted: Fri May 30, 2014 8:10 am 
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Aren't the rooftop owners being badly shortsighted? They're gonna be done after this agreement is over if they don't acquiesce to some of the cubs needs. Their business will be gone forever. Why not work with them now so that they don't screw themselves out of viability in 2020 or whenever this current agreement is over?

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PostPosted: Fri May 30, 2014 9:05 am 
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Darkside wrote:
Aren't the rooftop owners being badly shortsighted? They're gonna be done after this agreement is over if they don't acquiesce to some of the cubs needs. Their business will be gone forever. Why not work with them now so that they don't screw themselves out of viability in 2020 or whenever this current agreement is over?


Well, I don't think what the Cubs are planning is really a "need", although they're selling it that way. They have a special park and it helps them make more money than any other team. They think they can walk the line by keeping the park special while adding all kinds of modern stuff and signage. I doubt that they can, but we'll see.

Anyway, yeah, I think the rooftop guys are being dopes. I read that the Cubs have offered $200 million plus elimination of the 17% royalty. The rooftop guys supposedly asked for half a billion. I have no idea if that's true, but if so, there may be some middle ground. How many rooftops are there? Less than twenty, right? If each guy got $20 million and could still operate without the fees, that sounds like a pretty good deal. As Julian Green rightly pointed out, the rooftops are more like a tailgate than a ticket to the game. People would still come and party behind the signs. Sure, they might lose a little attendance, especially the guys with the views that are blocked the worst, but they'd have all that cash in hand. They should have cut a deal like that before they aggravated the Cubs into proposing this latest plan with more signage.

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PostPosted: Fri May 30, 2014 9:11 am 
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Darkside wrote:
Aren't the rooftop owners being badly shortsighted? They're gonna be done after this agreement is over if they don't acquiesce to some of the cubs needs. Their business will be gone forever. Why not work with them now so that they don't screw themselves out of viability in 2020 or whenever this current agreement is over?

Build a retractable roof in 2020.

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PostPosted: Fri May 30, 2014 9:22 am 
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rogers park bryan wrote:
immessedup17 wrote:
Crane Kenney has said they tried to outright purchase the rooftop seating businesses. I don't know how serious the offers were, of course.

He offered them his Cubs Jersey and Billy Joel tickets



SOLD!

Its a good thing I dont own a rooftop.

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PostPosted: Fri May 30, 2014 12:26 pm 
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I'm not really sure what to think about the rooftop owners. Maybe the numbers that are getting tossed around are wrong. Telander said today that the rooftops throw off $3-4 million a year to the Cubs which represents 17% of their total revenue. Supposedly the Cubs offered the rooftops $200 million to shut them the fuck up. I think there are about 15 or so rooftops, but let's call it 20 and do a little rough (very rough) math.

If Telander is right the rooftops are doing about $20 million net per season between them. (I'm sure some of them are hiding as much as they can from the Cubs. At least the smart ones. But let's stick with the basics.) If we figure they're running about a 30% margin, each of the twenty rooftops is throwing off about $350,000 a year in profit. If they took the one time payment of $200 million that's $10 million each. At $350,000 a year it would take them 30 years to make that much. It seems crazy to turn that cash down. So either the numbers are wrong or their is an internal dispute among the rooftop guys about who gets what.

Also, Telander suggested that the contract was a bad one for the Cubs and I have read that opinion elsewhere as well. It may be bad in as much as it is now giving the Cubs a headache and is a stumbling block to doing what they want, but a 17% commission on another business's revenue with zero overhead and zero risk could hardly be called a bad deal.

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PostPosted: Sat May 31, 2014 1:07 am 
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What if the Cubs showed the game on the backside of the giant LED screens that block the rooftop views of Wrigley?

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PostPosted: Sat May 31, 2014 1:08 am 
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Scorehead wrote:
What if the Cubs showed the game on the backside of the giant LED screens that block the rooftop views of Wrigley?

I suppose that would be a livable compromise. I'd have to see what the sightlines would be. Ideally, you'd be able to see some of the real-life field as well as the screen. I'm against having a screen in the stadium, though. Watch the game in front of you. Watch TV at home.

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PostPosted: Thu Jun 26, 2014 8:08 pm 
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Maybe the Cubs should make the outfield doors smaller. Junior Lake just smashed into one face first. He's out of the game.


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PostPosted: Thu Jun 26, 2014 10:08 pm 
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Wouldn't the alternative to door be brick? Maybe Junior Lake should watch where the fuck he's going like most professional outfielders manage to do.

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PostPosted: Thu Oct 23, 2014 12:32 pm 
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With the long delayed Wrigley Field renovation project finally underway and the demolition of the bleachers the first step in a $575 million overhaul of the stadium and surrounding area, the big question is what will happen with the rooftops that have long opposed the stadium renovation plan.

That icy relationship which has long been contentious and had both sides threatening litigation over the past several years may be thawing and could see a number of the rooftop buildings sold to the Ricketts family. Multiple sources have confirmed to me over the past few days that negotiations are going on between the Cubs and several owners of rooftop buildings on both Waveland and Sheffield that border the bleachers in both left and right field. The negotiations, which had been superficial since the Ricketts family purchased the Cubs in October of 2009, heated up recently after the renovation plan received final approval from the City of Chicago.

According a source close to the rooftops, the negotiations have taken on a much friendlier spirit with both sides trying to find a common ground that helps the Ricketts family address their renovation and signage needs, eliminates the threat of litigation for potentially blocking some rooftop views into the ballpark and provides a financial deal that the rooftop owners can find acceptable. “Despite years of acrimonious negotiations and public sniping that has pitted the two sides against one another, things have gotten much better. The Ricketts family has been amazingly fair, and Tom has been a man of his word throughout these latest discussions. He and his brothers and sister want the rooftop owners to get a fair deal, and Tom has been clear in his instructions to the rest of his team that he wants things handled that way. Now what they think is fair and what the rooftop owners think is fair could still end up being two entirely different things but I believe that a deal will get done before Opening Day,” a source with extensive knowledge of the talks told me tonight.

Another source who has worked closely with the rooftops for the past several years confirmed to me tonight that a handful of rooftops are not dealing from the strongest financial position and are looking to get out from under heavy financial pressure that came about from a number of factors. Loans taken to upgrade their buildings, the last place finishes by the Cubs over the past five years and a negative public perception of the rooftop businesses that was generated during the stalled renovation negotiations have all contributed to a willingness to sell their buildings if the Ricketts family offers fair market value. “I believe that a deal will get done with some of the owners of the buildings and it could be done before Opening Day but it will happen if and only if what they are hearing from Tom and Crane Kenney comes to fruition. It appears that there is a middle ground but until contracts are signed nothing is guaranteed to happen,” a rooftop source told me.

It is believed that George Loukas, who is one of the most successful businessmen in Wrigleyville has been negotiating with the Cubs to finalize a sale of at least one of his rooftop buildings. Loukas would not comment when I reached him by phone but multiple sources confirmed to me that he has been in discussions and those talks are closing in on a deal. A handful of other building owners have also reportedly had discussions with the Cubs and those talks are also believed to have moved well beyond the exploratory stage.

Oh, so it depends on Tommy and Crane. I have a such a great feeling about this. What could possibly go wrong?


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PostPosted: Thu Oct 23, 2014 12:45 pm 
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... the last place finishes by the Cubs over the past five years and ... have all contributed to a willingness to sell their buildings


Another benefit of The Plan!

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PostPosted: Thu Oct 23, 2014 2:24 pm 
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This could have all been negotiated without any acrimony by a good businessman.

My question is why you would want to buy the rooftops at this point?

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PostPosted: Thu Oct 23, 2014 2:26 pm 
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good dolphin wrote:
This could have all been negotiated without any acrimony by a good businessman.

My question is why you would want to buy the rooftops at this point?


Allow you to close the streets. Use the buildings for other uses. Use them for Wrigley signage and keep the seating.


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PostPosted: Thu Oct 23, 2014 2:27 pm 
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Red Sox own most buildings surrounding Fenway. They can and do whatever they want and print money.

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PostPosted: Thu Oct 23, 2014 2:30 pm 
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good dolphin wrote:
This could have all been negotiated without any acrimony by a good businessman.

My question is why you would want to buy the rooftops at this point?

Bleacher Nation wrote:
For yet another thing, buying rooftops allows the Cubs to expand the Wrigley Field footprint without actually expanding Wrigley Field. The rooftop seating could more formally be incorporated into “Cubs” seating, and the space within the rooftop buildings could be used for other Cubs purposes – retail space? Official Cubs bars? Cubs museums? And so on.

The Cubs Museum would be nice. The other stuff burrito.


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PostPosted: Thu Oct 23, 2014 2:49 pm 
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You cannot just close streets because you own on either side. Those same neighborhood people who bitch about night games would bitch about street closings.

They have already eroded the shitty view from half the rooftops.

The residential component is MUCH more valuable remaining residential than for any Cubs use.

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PostPosted: Fri Oct 24, 2014 8:36 am 
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Big Chicagoan wrote:
good dolphin wrote:
This could have all been negotiated without any acrimony by a good businessman.

My question is why you would want to buy the rooftops at this point?


Allow you to close the streets. Use the buildings for other uses. Use them for Wrigley signage and keep the seating.



So I can just close the street in front of my house? This is great news for me.


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PostPosted: Fri Oct 24, 2014 8:42 am 
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Why not just add a couple stories on to each of the rooftop buildings? Wouldn't that solve the obstructed view problems?

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PostPosted: Fri Oct 24, 2014 8:45 am 
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Spmack has some rooftop stories for ya.

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PostPosted: Fri Oct 24, 2014 8:52 am 
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Frank Coztansa wrote:
Spmack has some rooftop stories for ya.

That was my story.

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PostPosted: Fri Oct 24, 2014 8:55 am 
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spmack's are better.

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PostPosted: Fri Oct 24, 2014 11:27 am 
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One Post wrote:
Big Chicagoan wrote:
good dolphin wrote:
This could have all been negotiated without any acrimony by a good businessman.

My question is why you would want to buy the rooftops at this point?


Allow you to close the streets. Use the buildings for other uses. Use them for Wrigley signage and keep the seating.



So I can just close the street in front of my house? This is great news for me.


Do you own the entire block on both sides of the street? If you did, I bet your city would let you close the street when you have events.


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PostPosted: Fri Oct 24, 2014 11:29 am 
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Big Chicagoan wrote:
Do you own the entire block on both sides of the street? If you did, I bet your city would let you close the street when you have events.
:lol: What?

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PostPosted: Fri Oct 24, 2014 3:24 pm 
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Douchebag wrote:
Why not just add a couple stories on to each of the rooftop buildings? Wouldn't that solve the obstructed view problems?


I'm not sure the buildings could handle that structurally. It seemed like they had to build an entirely new infrastructure just for rooftop seating.

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