$140M McCormick Place Renovation
Plans for the McCormick Place upgrade came along with the announcement of a major facelift to Navy Pier. Combined, the two plans will amount to $1.1 billion in renovations that Emanuel said will create 10,000 constructions jobs and 3,700 permanent jobs in Chicago. Private investments will pay for the hotels, and DePaul and the Metropolitan Pier and Exposition Authority will each pay for half of the arena.
$278M Pier Redevelopment To Begin This Fall
Illinois’ most popular tourist attraction is up for a major facelift. In addition to McCormick Place, Mayor Emanuel also used his second anniversary as mayor to announce major changes to Navy Pier.
The Navy Pier renovations will add a new park, an expansion of the Chicago Children’s Museum, and additional bars and restaurants. Plans also include an interactive fountain at the pier’s entrance and a $48 million pedestrian overpass to ensure the safety of guests walking to the pier.
The $278 million redevelopment plan will be completed in two phases beginning this fall.
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