The agreement, announced Sunday, ends years of discussions between the team and the city, and allows the Cubs to submit formal plans for rehabilitation of the 99-year-old ballpark and the construction of a nearby hotel and office building Cubs' management insists is necessary to raise money to turn the team into a contender, the Chicago Tribune reported Monday.
Additional outfield advertising signage and a large and electronic scoreboard screen are part of the proposed improvements to the stadium, the newspaper said, noting the scoreboard could impede the view from clubs on nearby residential rooftops.
A contract between the rooftop clubs and the Cubs gives the team 17 percent of the clubs' revenue, but a statement Sunday from the office of Chicago Mayor Rahm Emanuel, the team and Chicago Alderman Thomas Tunney, who played a key role in negotiations, said the Cubs "will work with the city on placement of both signs to minimize impact on nearby rooftops."
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