Originally written on NESN.com  |  Last updated 11/20/14

CHICAGO — The owner of the Chicago Cubs publicly threatened for the first time Wednesday to move the team out of Wrigley Field if his plans for a big, new video screen are blocked, saying he needs millions of dollars in ad revenue to help bankroll the renovation of the storied ballpark. “The fact is that if we don’t have the ability to generate revenue in our own outfield, we’ll have to take a look at moving — no question,” Cubs chairman Tom Ricketts told reporters after a speech to Chicago business leaders outlining plans for a $500 million renovation of the 99-year-old stadium. It was the first time during months of contentious negotiations over the Wrigley Field renovation plans that Ricketts threatened to move the team out of the lively North Side neighborhood of bars and restaurants that adds to the historic park’s allure with tourists and baseball fans. By far the thorniest issue is the plan for a 6,000-square-foot video screen over left field, like those in most ballparks. The difference in Chicago is that the stadium — the second oldest in Major League Baseball behind Fenway Park in Boston — is surrounded by privately owned clubs that have built rooftop bleachers and object to any changes to the park that could block their bird’s-eye views. Because they have a contract in which they share 17 percent of their revenue with the Cubs, the rooftop businesses feel they should have a seat at the bargaining table, and legal action is a possibility. They have been left out of the talks. Ricketts presented an architectural rendering of the video screen during his speech to the City Club of Chicago and insisted it would have minimal if any impact on the views. He said without such signage, the team was losing out on $20 million a year in ad revenue — essential for helping fund extensive renovations without dipping into taxpayer funds. “All we really need is to be able to run our business like a business and not a museum,” Ricketts told the audience. One of the rooftop owners, Beth Murphy, sat in on the speech and told reporters afterward that it was the first time she’d seen any drawings of the screen and that she and other owners would have a lot of vetting to do before determining if the proposal works. “It looked big to me, and it looked like it blocked out the neighborhood,” she said. The rooftop owners have previously threatened legal action, and Murphy said she was confident their contract would hold up and protect their businesses. Ricketts said the team formally filed its renovation proposal with the city of Chicago on Wednesday. The plan must get approval from city planners and the City Council. There will also be public hearings on the plan.

MORE FROM YARDBARKER

Clint Trickett retires due to concussions, hid two

Drew Stanton likely out for the year, postseason included

Byron Scott: ‘Idiots’ think Lakers are better team without Kobe

Undrafted QB Connor Shaw to sign with Browns, likely start

Report: Alex Smith out week 17 with lacerated spleen

Belichick: Garoppolo has better understanding of NFL

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Lionel Hollins: 'Honored and blessed to coach Kevin Garnett'

Curt Schilling gives Johnny Manziel advice on Twitter

The last time the Lions won in Green Bay

Carmelo Anthony: The Knicks are dying

Andre Johnson willing to take pay cut with Texans?

Mets star David Wright reaches out to sons of slain NYPD officer

WATCH: Craig Sager is touched by outpouring of support during leukemia fight

Hiroki Kuroda returns to Japan, ditches Yankees

Kevin Garnett: ‘very weird’ to see Celtics without Rajon Rondo

Report: New Jersey Devils fire head coach Peter DeBoer

Mark Richt confirms Todd Gurley will leave UGA for NFL

Frank Gore: Colin Kaepernick is 'not broke'

The story of Morgan Bulkeley and birth of National League

Five breakout stars in 2014

The 2014 NFL All-Help Offense

Five things the world learned about the NBA on Christmas

What if Bear Bryant coached in the NFL?

The year’s 10 most notable sports media stories

MLB News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.

Five breakout stars in 2014

The 2014 NFL All-Help Offense

Five things learned about NBA on X-Mas

What if Bear Bryant coached in the NFL?

Carmelo Anthony: The Knicks are dying

The last time the Lions won in Green Bay

Year's most notable sports media stories

'Roberto Gronkowski wishes fans Feliz Navidad

Are the Seahawks back on track?

Wright reaches out to slain officer's sons

Q&A with Rich Eisen; TNF, DirecTV and living in LA

Dan Le Batard sums up Miami's relationship with LeBron

Today's Best Stuff
For Bloggers

Join the Yardbarker Network for more promotion, traffic, and money.

Company Info
Help
What is Yardbarker?

Yardbarker is the largest network of sports blogs and pro athlete blogs on the web. This site is the hub of the Yardbarker Network, where our editors and algorithms curate the best sports content from our network and beyond.