PHOTO BY NAVY PIER MARINA
Navy Pier already sees a significant profit (almost $50 million in 2015, according to Crain’s Chicago Business), and the new all-transient Navy Pier Marina that will span its north side in 2021 is also expected to see a good chunk of change. Thanks to the University of Florida and Virginia Institute of Marine Science’s calculations, the new marina is expected to produce more than $11 million annually to the local economy. It will also add more than 100 new jobs to the Chicago market.
“The impact of the marina is far reaching,” says Randy D. Podolsky, project developer. “Navy Pier Marina will serve the local boaters, create jobs, create new businesses and business opportunities, support existing businesses and generate tax revenue. Boaters, for the first time, will have an easy place to stop and spend their money locally, which will significantly increase revenue for both local businesses at Navy Pier and the city.”
The privately funded marina will offer boaters easy access to Chicago and the entertainment at Navy Pier. To learn more about the project, visit navypiermarina.com.
