Sunday, April 21, 2024

Separate Not-for-Profit Corporation to Govern and Manage Navy Pier Under Long-Term Lease

CHICAGO, USA/PRNewswire/ — The Metropolitan Pier and Exposition Authority announced today that it will lease Navy Pier to a newly formed not-for-profit corporation that will separately govern and manage the Pier and that 13 Chicago civic leaders have agreed to serve on the corporation’s first board of directors.

Creation of the not-for-profit corporation was prescribed by MPEA Trustee Jim Reilly in his report on future Navy Pier governance filed last week with the Governor and the Illinois General Assembly as required by MPEA reform legislation enacted last spring. In reporting his decision, Reilly cited the Urban Land Institute’s recent report on the Pier’s future, which stressed that the historic and popular tourist attraction “needs a champion, a voice speaking and advocating only for Navy Pier.”

Sarah Nava Garvey will serve as Transitional Chair of the new board. Garvey, a retired senior executive for the Boeing Company, is a member of the MPEA Interim Board, chair of the Shedd Aquarium and a member of the Civic Federation Board. Patrick F. Daly will serve as Transitional Co-chair. He is founder and CEO of The Daly Group, a Chicago-based group of real estate development, brokerage and construction management companies. He served on the MPEA Board for 17 years, a period that included the initial renovation of Navy Pier.
In his report, Reilly wrote that the ULI made a compelling case for separating the governance of Navy Pier from that of McCormick Place.

More information here.

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Judith Rubin
Judith Rubin
Judith Rubin ([email protected]) is a leading journalist, content marketing specialist and connector in the international attractions industry. She reports on design and technical design, production and project management, industry trends and company culture. From 2005-2020 she ran communications and publications for the Themed Entertainment Association (TEA). In 2013, she was honored with the TEA Service Award. She was development director of IMERSA and publicist for the Large Format Cinema Association, and has contributed to the publications of PLASA, IAAPA and the International Planetarium Society. Judith joined World’s Fair magazine in 1987, which introduced her to the attractions industry. She joined InPark in 2010. Judith earned a BFA from Pratt Institute. She has lived in Detroit, New York, Oakland, and now Saint Louis, where she is active in the local arts community.

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