page_title: Millennium Park
section_title: Budget
hierarchical_section_title: Millennium Park / Budget
caption_attribution_description: English: View of Chicago, United States from the 340 on the Park skyscraper.
context_page_description: Millennium Park is a public park located in the Loop community area of Chicago in Illinois operated by the Chicago Department of Cultural Affairs and managed by MB Real Estate. The park was intended to celebrate the third millennium and is a prominent civic center near the city's Lake Michigan shoreline that covers a 24.5-acre section of northwestern Grant Park. The area was previously occupied by parkland, Illinois Central's rail yards, and parking lots. The park, which is bounded by Michigan Avenue, Randolph Street, Columbus Drive and East Monroe Drive, features a variety of public art. As of 2009, Millennium Park trailed only Navy Pier as a Chicago tourist attraction and by 2017 it had become the number one tourist attraction in the Midwestern United States. In 2015, the park became the location of the city's annual Christmas tree lighting.
  Planning of the park began in October 1997. Construction began in October 1998, and Millennium Park was opened in a ceremony on July 16, 2004, four years behind schedule. The three-day opening celebrations were attended by some 300,000 people and included an inaugural concert by the Grant Park Orchestra and Chorus.
context_section_description: During development and construction of the park, many structures were added, redesigned or modified. These changes often resulted in budget increases. For example, the bandshell's proposed budget was $10.8 million. When the elaborate, cantilevered Gehry design required extra pilings to be driven into the bedrock to support the added weight, the cost of the bandshell eventually spiraled to $60.3 million. The cost of the park, as itemized in the following table, amounted to almost $500 million.
  Mayor Daley at first placed much of the blame for the delay and cost overrun on Frank Gehry, who designed the pavilion and its connecting bridge; Daley's office later apologized to the architect. A 2001 investigative report by the Chicago Tribune described the park then under construction and its budget overruns as an "expensive public-works debacle that can be traced to haphazard planning, design snafus and cronyism". According to Lois Weisberg, commissioner of the Department of Cultural Affairs, and James Law, executive director of the Mayor's Office of Special Events, once the full scope of the project was finalized the project was completed within the revised budget.
caption: Millennium Park seen from 340 on the Park in 2007; the foreground is Richard J. Daley Bicentennial Plaza (also part of Grant Park, which has since been transformed into Maggie Daley Park). In the background are the Art Institute of Chicago and Historic Michigan Boulevard District.
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