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The rooftop owners won't say exactly how much money they're making
-- or not making. But there are signs that things are shaky. Just this year, one of the oldest rooftop businesses, Lakeview Baseball Club, slipped into foreclosure. Another one is on the receiving end of a lawsuit filed by the Cubs for the $211,000 the team claims the rooftop owes it as part of an agreement to share its revenues. As for the rest, renovating the rooftops into small stadiums complete with flat-screen TVs, state-of-the-art kitchens that serve lobster ravioli, craft beer along with hot dogs and burgers hasn't been cheap. Court documents reveal that the rooftop business in foreclosure borrowed more than $3 million and, according to the Chicago Tribune, had a monthly mortgage of more than $30,000. Other owners don't want to say how much their own mortgages are, but Waisvisz pointed to two of his multimillion dollar buildings, saying a $30,000 monthly mortgage is "definitely not unheard of." The owners also say that they're making less money at a time when it's costing them more to operate. One reason is the corporate gatherings are giving way to crowds of fans who want to see how much they can eat and drink. "If my beer gets warm I'm not going to choke it down, I'm going to get a cold one," said fan Bruce Kowalski, 48, who was at Skybox on Sheffield. Word that the rooftops are struggling doesn't bother some area residents, who bristled as they watched the them grow taller and more elaborate. "They're eyesores and they've destroyed some of our views," said Meg Styck. From across the street, the Cubs are watching their neighbors closely. The two sides have had a sometimes testy history. The Cubs put up windscreens in 2002 that partially obstructed rooftop views and sued the owners, alleging that selling their views of the games amounted to stealing from the Cubs. In 2004, they reached an agreement that calls for rooftops to hand over 17 percent of their revenues to the team. "We're assuming its a good relationship with the rooftops," said Dennis Culloton, a spokesman for Cubs chairman Tom Ricketts. "And once the Ricketts family puts together a championship team on the field that the fans deserve, everyone's business picture will improve." Zasiebida said the Cubs don't even have to go that far. "I think we're going be OK," he said. "You just need a product on the field you can at least stomach watching."
[Associated
Press;
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