Friday, April 09, 2004
Roof with a View: Building, Cubs Settle
The Chicago Cubs and the owners of Skybox on Waveland settled their dispute yesterday, after U.S. District Judge James Holderland called both sides into chambers and banged a few heads. I suspect the conversations went something like this:
Judge to Cubs: "You have no case. All you have is the right to put up a barrier to block the view from their rooftop. Wouldn't you rather have some money?"
Judge to Skybox on Waveland: "I'm not going to stop the Cubs from erecting a barrier. Wouldn't you rather pay some money and stay in business?"
Terms of the settlement are confidential, but the quotes from both sides in this Chicago Sun-Times report suggest they're both satisfied. The other 12 rooftops in the area had previously agreed to pay the Cubs 17% of their gross revenues, but Skybox on Waveland had balked, saying its owners had spent millions of dollars to upgrade the property.
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The Chicago Cubs and the owners of Skybox on Waveland settled their dispute yesterday, after U.S. District Judge James Holderland called both sides into chambers and banged a few heads. I suspect the conversations went something like this:
Judge to Cubs: "You have no case. All you have is the right to put up a barrier to block the view from their rooftop. Wouldn't you rather have some money?"
Judge to Skybox on Waveland: "I'm not going to stop the Cubs from erecting a barrier. Wouldn't you rather pay some money and stay in business?"
Terms of the settlement are confidential, but the quotes from both sides in this Chicago Sun-Times report suggest they're both satisfied. The other 12 rooftops in the area had previously agreed to pay the Cubs 17% of their gross revenues, but Skybox on Waveland had balked, saying its owners had spent millions of dollars to upgrade the property.
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