DOCSLIB.ORG

Located One Block from Wrigley Field Home to the Chicago Cubs

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Located One Block from Wrigley Field Home to the Chicago Cubs FOR LEASE - Wrigleyville Bar / Restaurant 2,695 First Floor 1,000 sf Basement CHICAGO REAL ESTATE RESOURCES, INC. - [CRER] CONFIDENTIALITY & DISCLOSURE All materials and information received or derived from Chicago Real Estate Resources, Inc. (CRER), its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters. Neither Chicago Real Estate Resources, Inc. (CRER), its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. Chicago Real Estate Resources, Inc. (CRER) will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing. EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE. Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. Chicago Real Estate Resources, Inc. (CRER) makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. Chicago Real Estate Resources, Inc. (CRER) does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Chicago Real Estate Resources, Inc. (CRER) in compliance with all applicable fair housing and equal opportunity laws. FOR LEASE- Wrigleyville Bar / Restaurant 3720 N. Clark Street, Chicago IL 60613 3720 N Clark Street, Chicago IL 60613 Located one block from Wrigley Field home to the Chicago Cubs • Second generation bar / restaurant space 2,695 +/- sf of retail level space • Additional 1,000 +/- sf prep area in basement • 55' of frontage along Clark street • Currently approved for an occupancy of 99 people • Zoning: B3-2 • Rental Rate: $7,972.71 per month / $35.50 per SF net • Taxes (2016): $1.39 per sf • Key Fee: $100,000 This is a unique opportunity to operate your business in a location with a constant stream of customers. This unparalleled retail location is bracketed by Wrigley Field one block southeast and the Metro music venue two doors northwest. Wrigleyville has always been a popular destination and with multiple major developments going up surrounding Wrigley Field it is no surprise that national tenants as well as established Chicago business owners are opening new locations in Wrigleyville. Chicago Real Estate Resources, Inc. Presented by: 205 N. Michigan Ave. Suite 2950 Steven Rapoport, CCIM Chicago, IL 60601 847-863-2707 www.CRER.com [email protected] FOR LEASE- Wrigleyville Bar / Restaurant 3720 N. Clark Street, Chicago IL 60613 Wrigleyville Neighborhood Information • Over 3 million people annually attend Cubs games at Wrigley Field • Wrigley Field has become a top destination as a premier concert venue hosting approximately 10 major concerts per year. • Over 3 million people commute annually from the on the Addison Red line train stop • Average household income in the area is over $80,000 Wrigleyville Developments Addison & Clark Development: A large development containing 148 apartments, 146,000 square feet of commercial space. Retail tenants anticipated at this location include: - Harley-Davidson, Cinemex Movie Theaters, Lucky Strike Bowling and Shake Shack Hotel Zachary: 175 room hotel under development. Retail tenants anticipated at this location include: Wintrust Bank, McDonald’s, Big Star The Park at Wrigley Field: A public destination where neighborhood families and visitors gather for year round activities. Destinations at this development include: Starbucks, a Public & Private Event Space, and the 2016 Chicago Cubs' World Championship Trophy Room. Wrigley Annex: This proposed new structure at the corner of Addison and Sheffield is expected to include retail and restaurant space and a ticket office. 1111 W Addison Street: New 3 story proposed retail development W Addison: New 3 story proposed retail development 205 N. Michigan Ave: Suite 2950 Chicago IL 60601 CHICAGO REAL ESTATE RESOURCES, INC. - [CRER] www.CRER.com FOR LEASE- Wrigleyville Bar / Restaurant 3720 N. Clark Street, Chicago IL 60613 Neighborhood Map Wrigley Field: 1060 W Addison Street (over 3 million visitors per year) Addison Red Line Stop: Addison & Sheffield (over 3.2 million annual commuters 1) Uncommon Ground: 3800 N Clark Street 2) Metro Music Hall: 3730 N Clark Street 3) Rockit Bar & Grill: 3700 N Clark Street 4) Bernies Tap & Grill: 3664 N Clark Street 5) Casey Morans: 3660 N Clark Street 6) Rizzo's Bar and Inn: 3658 N Clark Street 7) Hotel Zachary: 175 room hotel under development. 8) 1111 W Addison: New 3 story proposed retail development 9) Over 20 well established Bars and Restaurants: along Clark Street between 3400 N. Clark Street and 3500 N Clark Street. 10) Addison & Clark Development: A large development containing 148 apartments, 146,000 square feet of commercial space. Retail tenants anticipated at this location include: Harley- Davidson, Cinemex Movie Theaters, Lucky Strike Bowling and Shake Shack. 11) Wrigley Annex: This proposed new structure at the corner of Addison and Sheffield is expected to include retail and restaurant space and a ticket office. 12) The Park at Wrigley Field: A public destination where neighborhood families and visitors gather for year round activities. Destinations at this development include: Starbucks, a Public & Private Event Space, and the 2016 Chicago Cubs' World Championship Trophy Room. 205 N. Michigan Ave: Suite 2950 Chicago IL 60601 CHICAGO REAL ESTATE RESOURCES, INC. - [CRER] www.CRER.com FOR LEASE- Wrigleyville Bar / Restaurant 3720 N. Clark Street, Chicago IL 60613 Additional Pictures 205 N. Michigan Ave: Suite 2950 Chicago IL 60601 CHICAGO REAL ESTATE RESOURCES, INC. - [CRER] www.CRER.com FOR LEASE- Wrigleyville Bar / Restaurant 3720 N. Clark Street, Chicago IL 60613 Additional Pictures 205 N. Michigan Ave: Suite 2950 Chicago IL 60601 CHICAGO REAL ESTATE RESOURCES, INC. - [CRER] www.CRER.com FOR LEASE- Wrigleyville Bar / Restaurant 3720 N. Clark Street, Chicago IL 60613 Floorplan 205 N. Michigan Ave: Suite 2950 Chicago IL 60601 CHICAGO REAL ESTATE RESOURCES, INC. - [CRER] www.CRER.com FOR LEASE- Wrigleyville Bar / Restaurant 3720 N. Clark Street, Chicago IL 60613 AREA DEMOGRAPHICS POPULATION 0.5 MILES 1 MILE 1.5 MILES TOTAL POPULATION 14,016 63,043 137,516 POPULATION DENSITY 14,016 63,043 137,516 MEDIAN AGE 33.0 33.4 33.8 MEDIAN AGE (MALE) 32.8 34.1 34.1 MEDIAN AGE (FEMALE) 33.5 33.5 33.8 HOUSEHOLDS & INCOME 0.5 MILES 1 MILE 1.5 MILES TOTAL HOUSEHOLDS 7,527 31,139 65,327 # OF PERSONS PER HH 1.9 2.0 2.1 AVERAGE HH INCOME $82,852 $90,252 $91,938 AVERAGE HOUSE VALUE $541,496 $574,406 $527,424 RACE & ETHNICITY 0.5 MILES 1 MILE 1.5 MILES TOTAL POPULATION - WHITE 10,791 50,249 105,582 TOTAL POPULATION - BLACK 528 2,475 6,798 TOTAL POPULATION - HISPANIC 2,230 10,182 21,616 TOTAL POPULATION - ASIAN 1,003 3,444 9,693 TOTAL POPULATION - HAWAIIAN 0 204 239 TOTAL POPULATION - INDIAN 5 81 410 TOTAL POPULATION - OTHER 1,455 5,319 11,816 CHICAGO REAL ESTATE RESOURCES, INC. - [CRER] ABOUT CRER Chicago Real Estate Resources (CRER) is a full-service, boutique commercial real estate firm devoted to providing exceptional service for your every real estate need. From new regulations to emerging technologies, the commercial real estate market is constantly changing. It’s our job to simplify that complexity and empower you with clear information so you can make the best decisions for your own portfolio. Founded in 2004 by Chicago real estate veteran Eric Janssen, Chicago Real Estate Resources specializes in a multitude of services including investment real estate sales and leasing, tenant representation, property management and receiverships services. Learn how CRER brokers focus on maximizing value Learn more for their clients through their vast experience, market CRER.com knowledge and resources. TRUSTED COMMERCIAL EXPERTISE THROUGHOUT CHICAGOLAND COMPANY ACHIEVEMENTS COMPANY MISSION 96% Satisfaction rate among our clients CRER is dedicated to providing the finest commercial real estate services; maintaining a 16 Years - Average CRER broker experience reputation for honesty and ethical behavior, and keeping the client’s needs as the top priority.
Load more

Recommended publications
  • Marketing Brochure/Flyer
    FOR LEASE Prime Storefront For Lease Along Broadway Street Just North of Addison Street in Lakeview 3619 North Broadway Street | Chicago, IL 60613 EXECUTIVE SUMMARY OFFERING SUMMARY PROPERTY OVERVIEW Lease Rate: Negotiable 2,500 SF storefront available for lease at 3619 North Broadway Avenue, just north of the signalized intersection at Addison Street, in Chicago's Lakeview neighborhood. The space NNN's $14.08 PSF benefits from exposure to the signalized intersection featuring over 15,000 VPD and falls Available SF: 2,500 SF withinin a densely populated area with 381,000 residents within a three (3) mile radius. The space presents an opportunity to join a number of national retailers on the immediate stretch of Lot Size: 0.25 Acres Broadway including Jewel-Osco, Fifth/Third Bank, TCF Bank, Starbucks, Walgreen's, and a brand Year Built: 1923 new Planet Fitness directly across the street. The storefront is well located just two (2) blocks west of Lake Shore Drive, five (5) blocks east of the Addison Red Line "L" Station, and six (6) Zoning: B3-2 blocks east of Wrigley Field. From a regional perspective, the storefront is approximately three Market: Chicago (3) miles east of Interstate-90 and directly west of Lake Shore Drive, providing convenient access Submarket: Northwest City to downtown Chicago, the neighboring communities, and the entire interstate system. Other neighboring retailers include Whole Foods, Target, Wal-Mart, Mariano’s, 7-Eleven, IHOP, Forever VPD 6,000 VPD Yogurt, Binny’s Beverage Depot, Crisp, PetSmart, and OrangeTheory, among others. PROPERTY HIGHLIGHTS • 2,500 SF storefrontavailable on Broadway, directly across the street from a brand new Planet Fitness • Neighboring retailers include Jewel-Osco, Whole Foods, Target, Wal-Mart, Mariano’s, Planet Fitness, 7-Eleven, IHOP, Starbucks, Forever Yogurt, Binny’s Beverage Depot, PetSmart, OrangeTheory, and TCF Bank.
    [Show full text]
  • Reinstate Buck Weaver to Major League Baseball Reinstate Buck Weaver to Major League Baseball Clearbuck.Com Update
    Reinstate Buck Weaver to Major League Baseball Reinstate Buck Weaver to Major League Baseball ClearBuck.com Update Friday, May 21, 2004 Issue 6 ClearBuck.com on "The AL Central Today Show" Champs Who will win ClearBuck.com ambassadors the AL Central? battled the early morning cold Indians and ventured out to the Tribune plaza where "The Royals Today Show" taped live. Tigers Katie Couric and Al Roker helped celebrate the Twins destruction of the Bartman White ball with fellow Chicago Sox baseball fans. Look carefully in the audience for the neon green Clear Buck! signs. Thanks to Allison Donahue of Serafin & Associates for the 4:00 a.m. wakeup. [See Results] Black Sox historian objects to glorification of Comiskey You Can Help Statue condones Major League Baseball’s cover-up of 1919 World Series Download the Petition To the dismay of Black Sox historian and ClearBuck.com founder Dr. David Fletcher, Find Your Legislator the Chicago White Sox will honor franchise founder Charles A. Comiskey on April 22, Visit MLB for Official 2004 with a life-sized bronze statue. Information Contact Us According to White Sox chairman Jerry Reinsdorf, Comiskey ‘played an important role in the White Sox organization.’ Dr. Fletcher agrees. “Charles Comiskey engineered Visit Our Site the cover-up of one of the greatest scandals in sports history – the 1919 World Series Discussion Board Black Sox scandal. Honoring Charles Comiskey is like honoring Richard Nixon for his role in Watergate.” Photo Gallery Broadcast Media While Dr. Fletcher acknowledges Comiskey’s accomplishments as co-founder of the American League and the Chicago White Sox, his masterful cover-up of the series contributed to Buck Weaver’s banishment from Major League Baseball.
    [Show full text]
  • NEIGHBORHOOD PROTECTION REPORT Dear Neighbors
    2019 NEIGHBORHOOD PROTECTION REPORT Dear Neighbors, Thank you for your support of the Chicago Cubs in 2019. Each year, we are proud to share with the community our efforts aimed at protecting and enhancing the quality of life for Lakeview residents, while ensuring the fan and visitor experience at Wrigley Field is the best in baseball. The work to expand and preserve Wrigley Field continued this year and the Cubs reached new levels in support for community and charitable activities. Through our investment of more than $1 million, we helped reduce traffic congestion in the area, proactively communicated to residents about events and activities in the neighborhood and helped keep our community clean and safe. Our notable achievements in 2019 are highlighted in this report. Among them: • Nearly 54,000 fans used the remote parking lot at 3900 N. Rockwell Street and took the shuttle bus to and from Wrigley Field, helping alleviate traffic in the neighborhood. • Nearly 4,000 bicyclists took advantage of the free valet service down the block from the ballpark, further reducing traffic and air pollution in the area. • Our neighborhood newsletter provided regular updates about events inside and outside the ballpark, including impacts to parking, traffic in the area and construction activity. • We continued to help deter crime and keep our neighborhood clean by funding programs such as Safe at Home and trash removal in Lakeview. We also are proud of our investments in the community. In 2019, the Cubs and Cubs Charities supported millions of dollars in charitable grants and donations to deserving nonprofit organizations in the neighborhood and throughout Chicago.
    [Show full text]
  • Cubs Daily Clips
    April 6, 2016 CSNChicago.com, After all the hype, Jon Lester ready to roll with Cubs http://www.csnchicago.com/cubs/jon-lester-already-showing-noticeable-progression-year-2-cubs CSNChicago.com, Cubs will face some interesting decisions with Jorge Soler http://www.csnchicago.com/cubs/cubs-will-face-some-interesting-decisions-jorge-soler CSNChicago.com, Back with Cubs, Dexter Fowler playing like he has something to prove http://www.csnchicago.com/cubs/back-cubs-dexter-fowler-playing-he-has-something-prove Chicago Tribune, Jon Lester regains old form in leading Cubs to 6-1 victory over Angels http://www.chicagotribune.com/sports/baseball/cubs/ct-jon-lester-report-cubs-angels-spt-0406-20160405- story.html Chicago Tribune, Cubs may be baseball's first team with its own laugh track http://www.chicagotribune.com/sports/columnists/ct-cubs-silliness-sullivan-spt-0406-20160405-column.html Chicago Tribune, Joe Maddon's iPad gets early season workout http://www.chicagotribune.com/sports/baseball/cubs/ct-joe-maddons-ipad-gets-early-season-workout- 20160405-story.html Chicago Tribune, Cubs' Matt Szczur stays compact but provides big results http://www.chicagotribune.com/sports/baseball/cubs/ct-matt-szczur-plays-big-20160405-story.html Chicago Tribune, Tuesday's recap: Cubs 6, Angels 1 http://www.chicagotribune.com/sports/baseball/cubs/ct-gameday-cubs-angels-spt-0406-20160405- story.html Chicago Tribune, Cubs prospect Duane Underwood Jr. playing catch-up http://www.chicagotribune.com/sports/baseball/cubs/ct-duane-underwood-jr-healing-20160406-story.html
    [Show full text]
  • 739 South Clark Street Chicago, IL
    CHICAGO SOUTH LOOP Offering Memorandum For Sale > 30,559 SF (0.70 ACRE) MIXED-USE DEVELOPMENT SITE 739 South Clark Street Chicago, IL NORTHNORTH PREPARED BY: Brian Pohl Executive Vice President DIRECT +1 312 612 5931 EMAIL [email protected] Peter Block Executive Vice President DIRECT +1 847 384 2840 EMAIL [email protected] AGENCY DISCLOSURE EXCLUSIVE AGENT Colliers International (“Seller’s Agent”) is the exclusive agent for the owner and seller (“Seller”) of 739 S Clark Avenue (“Property”). Please contact us if you have any questions. No cooperating brokerage commission shall be paid by Colliers or the Seller. Buyer’s Broker, if any, shall seek commission compensation from the Buyer only. DESIGNATED AGENT The designated agents for the Seller are: Brian Pohl Peter Block EXECUTIVE VICE PRESIDENT EXECUTIVE VICE PRESIDENT [email protected] [email protected] DIR +1 312 612 5931 DIR +1 847 384 2840 COLLIERS INTERNATIONAL DISCLAIMER This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2015. All rights reserved. Table of Contents EXECUTIVE SUMMARY .........................
    [Show full text]
  • Wisdot Project List with Local Cost Share Participation Authorized Projects and Projects Tentatively Scheduled Through December 31, 2020 Report Date March 30, 2020
    WisDOT Project List with Local Cost Share Participation Authorized projects and projects tentatively scheduled through December 31, 2020 Report date March 30, 2020 COUNTY LOCAL MUNICIPALITY PROJECT WISDOT PROJECT PROJECT TITLE PROJECT LIMIT PROJECT CONCEPT HWY SUB_PGM RACINE ABANDONED LLC 39510302401 1030-24-01 N-S FREEWAY - STH 11 INTERCHANGE STH 11 INTERCHANGE & MAINLINE FINAL DESIGN/RECONSTRUCT IH 094 301NS MILWAUKEE AMERICAN TRANSMISSION CO 39510603372 1060-33-72 ZOO IC WATERTOWN PLANK INTERCHANGE WATERTOWN PLANK INTERCHANGE CONST/BRIDGE REPLACEMENT USH 045 301ZO ASHLAND ASHLAND COUNTY 39583090000 8309-00-00 T SHANAGOLDEN PIEPER ROAD E FORK CHIPPEWA R BRIDGE B020031 DESIGN/BRRPL LOC STR 205 ASHLAND ASHLAND COUNTY 39583090070 8309-00-70 T SHANAGOLDEN PIEPER ROAD E FORK CHIPPEWA R BRIDGE B020069 CONST/BRRPL LOC STR 205 ASHLAND ASHLAND COUNTY 39583510760 8351-07-60 CTH E 400 FEET NORTH JCT CTH C 400FEET N JCT CTH C(SITE WI-16 028) CONS/ER/07-11-2016/EMERGENCY REPAIR CTH E 206 ASHLAND ASHLAND COUNTY 39585201171 8520-11-71 MELLEN - STH 13 FR MELLEN CITY LIMITS TO STH 13 CONST RECST CTH GG 206 ASHLAND ASHLAND COUNTY 39585201571 8520-15-71 CTH GG MINERAL LK RD-MELLEN CTY LMT MINERAL LAKE RD TO MELLEN CITY LMTS CONST; PVRPLA FY05 SEC117 WI042 CTH GG 206 ASHLAND ASHLAND COUNTY 39585300070 8530-00-70 CLAM LAKE - STH 13 CTH GG TOWN MORSE FR 187 TO FR 186 MISC CONSTRUCTION/ER FLOOD DAMAGE CTH GG 206 ASHLAND ASHLAND COUNTY 39585400000 8540-00-00 LORETTA - CLAM LAKE SCL TO ELF ROAD/FR 173 DESIGN/RESURFACING CTH GG 206 ASHLAND ASHLAND COUNTY 39587280070
    [Show full text]
  • Chicago Information Guide [ 5 HOW to USE THIS G UIDE
    More than just car insurance. GEICO can insure your motorcycle, ATV, and RV. And the GEICO Insurance Agency can help you fi nd homeowners, renters, boat insurance, and more! ® Motorcycle and ATV coverages are underwritten by GEICO Indemnity Company. Homeowners, renters, boat and PWC coverages are written through non-affi liated insurance companies and are secured through the GEICO Insurance Agency, Inc. Some discounts, coverages, payment plans and features are not available in all states or all GEICO companies. Government Employees Insurance Co. • GEICO General Insurance Co. • GEICO Indemnity Co. • GEICO Casualty Co. These companies are subsidiaries of Berkshire Hathaway Inc. GEICO: Washington, DC 20076. GEICO Gecko image © 1999-2010. © 2010 GEICO NEWMARKET SERVICES ublisher of 95 U.S. and 32 International Relocation Guides, NewMarket PServices, Inc., is proud to introduce our online version. Now you may easily access the same information you find in each one of our 127 Relocation Guides at www.NewMarketServices.com. In addition to the content of our 127 professional written City Relocation Guides, the NewMarket Web Site allows us to assist movers in more than 20 countries by encouraging you and your family to share your moving experiences in our NewMarket Web Site Forums. You may share numerous moving tips and information of interest to help others settle into their new location and ease the entire transition process. We invite everyone to visit and add helpful www.NewMarketServices.com information through our many available forums. Share with others your knowledge of your new location or perhaps your former location. If you ever need to research a city for any reason, from considering a move to just checking where somebody you know is staying, this is the site for you.
    [Show full text]
  • Night Game Ordinance 2013
    City of Chicago SO2013-7858 Office of the City Clerk Document Tracking Sheet Meeting Date: 10/16/2013 Sponsor(s): Emanuel (Mayor) Type: Ordinance Title: Amendment of Municipal Code Section 4-156-430 regarding athletic contests at night and weekday afternoons Committee(s) Assignment: Committee on License and Consumer Protection 09-013 - 18S% syBSIITUTE ORDINANCE BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO: SECTION 1. Section 4-156-430 of the Municipal Code of Chicago is hereby amended by adding the language underscored and by deleting the language struck through, as follows: 4-156-430 Athletic contests at night and on weekday afternoons Restrictions. (A) (1) It shall be unlav^^ul for any licensee or other person, firm, corporation or other legal entity to produce or present or permit any other person, firm, corporation or other legal entity to produce or present any athletic contest, sport, game, including any baseball game, or any other amusement as defined in Article I of this chapter, if any part of such athletic contest, sport, game, including any baseball game, or any other^ amusement as defined in Article I of this chapter (also known in this section and in this Ordinance as (" Event(6) Event or major league baseball game that takes place between the hours of 8:00 p.m. and 8:00 a.m., or is scheduled to begin between the hours of 2:01 p.m. and 4:09 p.m. on weekdays (except for Memorial Day, Independence Day or Labor Day), and is presented in the open air portion of any stadium or playing field which is not totally enclosed and contains more than 15,000 seats where any such seats are located within 500 feet of 100 or more dwelling units.
    [Show full text]
  • Insolvent Professional Sports Teams: a Historical Case Study
    LCB_18_2_Art_2_Grow (Do Not Delete) 8/26/2014 6:25 AM INSOLVENT PROFESSIONAL SPORTS TEAMS: A HISTORICAL CASE STUDY by Nathaniel Grow* The U.S. professional sports industry has recently witnessed a series of high-profile bankruptcy proceedings involving teams from both Major League Baseball (“MLB”) and the National Hockey League (“NHL”). In some cases—most notably those involving MLB’s Los Angeles Dodgers and the NHL’s Phoenix Coyotes—these proceedings raised difficult issues regarding the proper balance for bankruptcy courts to strike between the authority of a professional sports league to control the disposition of its financially struggling franchise’s assets and the rights of the debtor team to maximize the value of its property. However, these cases did not mark the first time that a court was called upon to balance the interests of a professional sports league and one of its insolvent teams. Drawing upon original court records and contemporaneous newspaper accounts, this Article documents the history of two long-forgotten disputes in 1915 for the control of a pair of insolvent franchises in the Federal League of Professional Base Ball Clubs (specifically, the Kansas City Packers and the Indianapolis Hoosiers). In the process, the Article contends that despite the passage of time—and the different factual and procedural postures of the respective cases—courts both then and now have adopted similar approaches to managing litigation between professional sports leagues and their insolvent franchises. Moreover, the Article discusses how the history of these 1915 disputes helps explain why U.S. professional sports leagues have traditionally disfavored public franchise ownership.
    [Show full text]
  • National Pastime a REVIEW of BASEBALL HISTORY
    THE National Pastime A REVIEW OF BASEBALL HISTORY CONTENTS The Chicago Cubs' College of Coaches Richard J. Puerzer ................. 3 Dizzy Dean, Brownie for a Day Ronnie Joyner. .................. .. 18 The '62 Mets Keith Olbermann ................ .. 23 Professional Baseball and Football Brian McKenna. ................ •.. 26 Wallace Goldsmith, Sports Cartoonist '.' . Ed Brackett ..................... .. 33 About the Boston Pilgrims Bill Nowlin. ..................... .. 40 Danny Gardella and the Reserve Clause David Mandell, ,................. .. 41 Bringing Home the Bacon Jacob Pomrenke ................. .. 45 "Why, They'll Bet on a Foul Ball" Warren Corbett. ................. .. 54 Clemente's Entry into Organized Baseball Stew Thornley. ................. 61 The Winning Team Rob Edelman. ................... .. 72 Fascinating Aspects About Detroit Tiger Uniform Numbers Herm Krabbenhoft. .............. .. 77 Crossing Red River: Spring Training in Texas Frank Jackson ................... .. 85 The Windowbreakers: The 1947 Giants Steve Treder. .................... .. 92 Marathon Men: Rube and Cy Go the Distance Dan O'Brien .................... .. 95 I'm a Faster Man Than You Are, Heinie Zim Richard A. Smiley. ............... .. 97 Twilight at Ebbets Field Rory Costello 104 Was Roy Cullenbine a Better Batter than Joe DiMaggio? Walter Dunn Tucker 110 The 1945 All-Star Game Bill Nowlin 111 The First Unknown Soldier Bob Bailey 115 This Is Your Sport on Cocaine Steve Beitler 119 Sound BITES Darryl Brock 123 Death in the Ohio State League Craig
    [Show full text]
  • Wrigley Field 1060 W
    LANDMARK DESIGNATION REPORT Wrigley Field 1060 W. Addison St. Preliminary Landmark recommendation approved by the Commission on Chicago Landmarks, November 1, 2000, and revised March 6, 2003 CITY OF CHICAGO Richard M. Daley, Mayor Department of Planning and Development Alicia Mazur Berg, Commissioner Cover: An aerial view of Wrigley Field. Above: Wrigley Field is located in the Lake View community area on Chicago’s North Side. The Commission on Chicago Landmarks, whose nine members are appointed by the Mayor, was established in 1968 by city ordinance. The Commission is responsible for recommending to the City Council which individual buildings, sites, objects, or districts should be designated as Chicago Landmarks, which protects them by law. The landmark designation process begins with a staff study and a preliminary summary of information related to the potential designation criteria. The next step is a preliminary vote by the land- marks commission as to whether the proposed landmark is worthy of consideration. This vote not only initiates the formal designation process, but it places the review of city permits for the property under the jurisdiction of the Commission until a final landmark recommendation is acted on by the City Council. This Landmark Designation Report is subject to possible revision and amendment during the designation process. Only language contained within the designation ordinance adopted by the City Council should be regarded as final. Wrigley Field 1060 W. Addison St. (bounded by Addison, Clark, Sheffield, Waveland, and the Seminary right of way) Built: 1914 Architects: Zachary T. and Charles G. Davis Alterations: 1922, 1927-28, 1937, and 1988 “One of the most beloved athletic facilities in the country .
    [Show full text]
  • Official U.S. Bulletin
    : : : — : . PVBLISHEa DJIILY under order of THE PRESIDENT of THE UNITED STETES by COMMITTEE on PUBLIC INFORMATION GEORGE CREEL, Chairman ~k -k -k COMPLETE Record of U. S. GOUERNMENT Activities ' VoL. 3 WASHINGTON, MONDAY, FEBRUARY 24, 1919. No. 545 SIXTH BIWEEKLY OFFERING FIRST EDITION OF INCOME TAX CONDITIONS AT BREST CAMP OF TREASURY CERTIFICATES REGULATIONS READY THIS WEEK OUTLINED BY GEN. PERSHING OVERSUBSCRIBED $20,578,500 Second Edition for Use ef-Cor- porations Being Prepared IN RESPONSE TO REQUEST RESERVE BANK DISTRICT RESULTS Joint Edition Later. MADEBYPRESIDENTWILSON Aggregate Subscriptions in Anticipa- The Bureau of Internal Revenue issues the following; tion Victory Liberty Loan Now of The first edition of the income tax regu- INQUIRY RESULT OF $3,845,678,000-r—Bond Drive in lations which relate to the tax on individ- NEWSPAPER CHARGES ual incomes will be distributed by collec- Occupied Germany. tors of internal revenue early this week. The regulations were prepared under Complaints That Soldiers Secretary Glass announces that the the immediate direction of Hugh Satter- From Front and Red Cross sixth biweekly offering (Series V. F) of lee, of Rochester, N. Y. Mr. Satterlee Treasury certificates of indebtedness in was connected with the Bureau of In- Nurses Practically Held anticipation of the Victory Liberty Loan ternal Revenue last year as .special attor- was overscribed. The minimum amount ney and returned at the request of Com- Prisoners bsolutely offered was .'^GOO.000.000 and the total missioner Ddniel C. Roper to take charge Groundless/*Says Report, subscriptions aggregate $620,.578, 500. The of this branch of the work.
    [Show full text]