October 8th, 2007
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| Member | | Join Date: Sep 2007 Location: New Eastside
Posts: 94
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 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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