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Old October 8th, 2007
Parkshore Gal Parkshore Gal is offline
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Join Date: Sep 2007
Location: New Eastside
Posts: 94
Default Museum's urge to move about the money

"At Navy Pier the museum would be required to pay rent of $1 per year, plus $5 per square foot operating expense, yearly, with adjustments for cost of living. Moving to Grant Park would allow it to save $300,000 annual rent and, in addition, qualify for a $1 million museum grant. So the museum will gain $1.3 million per year with the move, paid entirely by city residents, whose taxes fund Navy Pier as well as the Chicago Park District."

http://www.suntimes.com/news/comment...vox08a.article
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