Plans
In which year was it announced by the authority to carry out the first elements of the concept?
Navy Pier
On January 13, 2006, the Metropolitan Pier and Exposition Authority released plans for a major renovation of the Pier, which would include a monorail, a spokeless Ferris wheel, a roller coaster, floating hotel, and an water park with a Great Lakes theme. The plan would include nearly double the current parking and a replacement theater with a greater capacity. At the time of the announcement, a price tag of $2 billion was announced. No concrete progress was made on those proposals, as the financial condition of the Pier suffered with the recession. Following the reorganization of the agency that runs Navy Pier and McCormick Place, a new study was commissioned to reinvigorate the upgrade process. The new study, by the Urban Land Institute, was released on November 11, 2010, and recommended a more modest set of enhancements aimed at retaining the Pier's role as a public space, rather than turning it into a theme park. Suggested elements include a concert venue, an enlarged Chicago Shakespeare Theater space, new restaurants, a renovated commercial area around the Pier's entrance, and additional park-like features to bring people closer to the lake. More grandiose possibilities, including the enlarged Ferris wheel and a hotel, are mentioned as more remote possibilities. In March 2012 a competition led to selection of a design concept presented by a team led by James Corner of James Corner Field Operations that focuses on the Pier's role as a waterfront promenade. In 2013 the Authority announced plans to carry out the first elements of a streamlined version of that concept, with reworked streetscape and a wider pedestrian space, moving tour-boat moorings to improve the view from a new central stairway centered on the Ferris wheel. Work began during the winter of 2013-2014, with completion expected by Summer 2015.