The Chicago Cubs and the the owners of nearby rooftop clubs met
separately with administration officials at City Hall on Wednesday with
an aim to to reach an agreement
on a sign deal by week’s end.
a deal between the Cubs and rooftop owners could be a key component in a
proposed $300 million renovation of the aging, historic Wrigley Field.
Rahm Emanuel has urged the Cubs, owned by the Ricketts family, and the
owners of 16 rooftop clubs to come to an agreement so a much bigger
rehab deal can get done. The pressure comes amid talk that an ordinance
to increase the number of night games and concerts could be introduced
at the next council meeting on Wednesday.
rooftop owners have proposed allowing the Cubs to place signs on their
buildings that they say would generate hundreds of millions of dollars
for the Cubs in the next two decades.
the rooftop owners are asking for a nine-year extension on their
contract with the ballclub. Under that contract, now set to expire at
the end of 2023, the rooftops share 17 percent of their revenue with the