Navy Pier will implement a temporary Pier-wide closure starting Tuesday, September 8 in an effort to limit the financial burden and impact of the ongoing Coronavirus (COVID-19) pandemic on the organization. The closure will put a halt to all Pier-wide operations, including that of Navy Pier’s more than 70 small local businesses, which have also experienced significantly low attendance throughout the pandemic. Public access to the Pier’s outdoor spaces, including Polk Bros Park and North and South Docks, will also be limited or prohibited during the closure.
“While this was a very difficult decision for the organization, it was a necessary one to proactively ensure the long-term success of one of Chicago’s most treasured and important civic institutions and the communities it serves,” said Navy Pier President and CEO Marilynn Gardner. “This decision will also help preserve the future of the many on-site businesses, which continue to face hardships of their own as a result of the pandemic. The temporary closure will allow the Pier and its partners to reduce its operational expenses and support efforts to limit COVID-19 cases as we move into the fall and winter seasons.”
To date, the Centennial Wheel and other Pier Park attractions—a primary source of revenue—have not been able to open and operate. On-site cultural anchors, Chicago Children’s Museum and Chicago Shakespeare Theater, have also remained closed. Additionally, the Pier has extended rent relief to all of its on-site tenant partners. All private events, consumer shows, trade shows and banquets have been canceled in the Pier’s East End event facilities due to capacity restrictions. Furthermore, COVID-19 travel restrictions have resulted in significant decreases in tourism, another contributing factor to decreased attendance and revenues.
Navy Pier relies heavily on these sources of revenue. The loss of these earnings has been devastating to the organization’s budget, resulting in a projected deficit of $20 million in 2020. Navy Pier’s short-term closure will help limit further losses for the organization, as well as the businesses that are housed at the Pier.
Navy Pier has operated as an independent, 501(c)(3) nonprofit organization since 2011. Although the organization maintains facilities on publicly-owned property, the Pier does not receive any public tax dollars to support its operating costs. It depends on generous philanthropic support from individuals, foundations and corporations with the majority of revenues earned through operational income, such as rent and fees from on-site business establishments, private events, consumer and trade shows, parking and ticket sales from attractions—all of which have been impacted by the COVID-19 pandemic.
Navy Pier anticipates reopening in spring of 2021.
About Navy Pier
Navy Pier is the People’s Pier, Chicago’s lakefront treasure, welcoming all and offering dynamic and eclectic experiences through partnerships and programs that inspire discovery and wonder.
Since its reopening in 1995, more than 180 million guests have come to enjoy the Pier’s 50 acres of unparalleled attractions and experiences. In 2022, Navy Pier continues to evolve into an accessible, year-round centerpiece for Chicago’s diverse arts and cultural treasures.