Above: “Gateway Fountain” in warm and cold seasons. (Courtesy Navy Pier)
Mayor Rahm Emanuel’s administration Wednesday revealed details about two initiatives they said would amount to $1.1 billion in investment: a new 10,000-seat arena for DePaul University located across the street from McCormick Place, and an overhaul to Navy Pier — the city’s largest tourist attraction.
Mayor Emanuel’s proposed $2 congestion tax on downtown parking is facing stiff opposition from, you guessed it, the parking lobby. According to the Tribune, the Parking Industry Labor Management Committee is posting placards in member facilities and handing out flyers opposing the tax. The committee argues the tax will not improve traffic flow and could encourage businesses to relocate to the suburbs. Emanuel believes the tax will foster greater transit ridership and raise an estimated $28 million annually for CTA improvements. The $2 tax on parking at garages and lots in the Loop and River North will be added to the existing $3 tax that goes to the city’s general fund.