Owners of Wrigley Rooftop Facing Foreclosure

News out of Chicago is that the owners of Lakeview Baseball Club — a rooftop with a coveted spot overlooking Wrigley Field — are facing foreclosure.

Many Chicagoans will recognize the Lakeview Baseball Club’s home at 3633 N Sheffield Ave, Chicago, IL 60613 with its distinctive banners “Eamus Catuli” and “AC0063100″ attached to the rooftop (photo above). “Eamus Catuli” is a Latin phrase roughly meaning “Let’s go little bears (Cubs)” and AC0063100 is a little more involved, but it basically reminds everyone of the Chicago Cubs’ World Series drought.

According to Chicago Breaking Business, the owners of Lakeview Baseball Club received two separate loans totaling $3.15 million. When the club failed to make its December and January payments, First Personal Bank filed suit in February for more than $2.7 million in principal and interest payments. Also, the bank is accusing the owners of diverting money from the club.

Homes around Wrigley Field with rooftops high enough to view inside the park — Wrigley Rooftops — have been converted into businesses since they charge for seats to watch a game. The rooftop clubs give 17 percent of their profits to the Cubs as a result of a 2004 lawsuit brought by the Cubs for copyright infringement.

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