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Article: Marina may be in Navy Pier future
- Article from:
- Chicago Sun-Times
- Article date:
- May 27, 1988
- Author:
CopyrightCopyright (null) Chicago Sun-Times. (Hide copyright information)
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A marina encircling Navy Pier and three new banquet halls at a
refurbished structure are among the plans Chicago lawyer Scott Hodes
is considering for developing the long-neglected Chicago landmark.
The Navy Pier projects would benefit if $75 million in tax-free
bonding authority for the now-defunct 1992 World's Fair can be
converted to use by the proposed Navy Pier Corp., expected to manage
pier development.
Rep. Dan Rostenkowski (D-Ill.) told Hodes this week that he
believes the $75 million earmarked for the fair may be converted to
use by the pier authority. Another $75 million of bonding authority
specifically was set aside for Navy Pier when Rostenkowski was
steering the 1986 Tax ...