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Old Posted Apr 6, 2013, 6:20 PM
the urban politician the urban politician is offline
The City
 
Join Date: Jul 2004
Location: Chicago region
Posts: 21,375
There is a lot of drama going on, the rooftop owners are threatening to sue if they lose their views.

Here's my take on how this will play out:

The Ricketts are VERY wealthy. Their jumbotrons are almost certain to obstruct some views, so they will have to come to some agreement with the rooftop owners to compensate them. That will be their primary effort.

If that fails, they will win approval anyhow, build the screens, and let the rooftop owners sue them. All the while, they will battle it out in court and drag this out for as long as possible, all while the rooftop owners continue to lose revenue. Eventually they will all go into default and lose their properties to foreclosure, and the Ricketts will sweep in and buy all of their properties at a discount. Or, in lieu of foreclosure, the rooftop owners will take a last minute deal from the Ricketts out of desperation and likely with very unfavorable terms.
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