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Greising: Scrutiny of Navy Pier's Operations Is Long Overdue | Better Government Association bettergov.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bettergov.org Daily Mail and Mail on Sunday newspapers.
Melissa Askew/Unsplash Navy Pier is one of Chicago s crown jewels. In a good year the kind that came before the COVID-19 pandemic visitors spend more than $350 million in and around the pier. And Navy Pier Inc., the nonprofit entity that runs the pier, gets use of this precious public asset by paying $1 a year in rent. From 2017 Not only that. When Navy Pier Inc. was spun out of the Metropolitan Pier & Exposition Authority a decade ago, MPEA, a city-state agency, provided $115 million in taxpayer money for improvements to the century-old pier. Plus at least $60 million in operating funds. Plus vehicles and other equipment worth $2.5 million. Plus a $5 million, interest-free loan. Plus another $220,000 in, well, petty cash let s call it. ....