The Wrigley rooftop business is bad these days

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Apparently the down economy and crappy 2010 Cubs team is really taking a bite out of the business of those who operate the rooftop venues outside of Wrigley Field. Many of the businesses are hurting — corporate bookings are way down — and some of the properties have fallen into foreclosure.

The last time I contemplated the rooftop viewing business was back in May when it was reported that the Cubs were going in as partners with one of the operators. At the time I wrote the following:

I wonder if, in this down market, it wouldn’t be a smart play for the
team to try and take over some of those buildings, turning them into
team owned seating.  At the very least, you figure that they could use
these tough times to try and muscle a bigger portion of the take out of
these guys.

It’s all coming together! Indeed, if I was a deranged conspiracy theorist I’d rant about the Cubs tanking the 2010 season in order to effectuate a land grab!

Ha! Just kidding. No baseball owner would doom his team to failure just so he could go after non-baseball economic opportunities. That’s crazy talk!