Is the community collecting the rent at 31st Street Harbor?

linked from Chicago Public Building CommissionChicago Park District’s new harbor at 31st street reportedly cost $103 million and can accommodate 1000 boats.  “Rates for the new harbor range from about $3,780 for a 35-foot slip to more than $10,000 for the longest slips of 70 feet and more, excluding taxes and a 25 percent nonresident surcharge.”

One could imagine that these figures might actually cover debt service, maintenance, and the economic rent of the lakefront location.   But there’s no such indication in the Park District’s 2011-15 Capital Improvement Plan, which lists funding and projects, but makes little effort to tie the two together so there’s no indication of how much any project costs nor how it’s paid for.  Nothing in the latest posted (2010) Comprehensive Annual Financial Report, either.

But in the process of browsing the District’s web site, I did discover that I would be violating their regulations if, without a permit, I post on this web site a photo that I took on Park District property.

The Public Building Commission has some information on their web site, including some contracts and many construction photos.  Can’t wade thru all of the former, but they appear not to include any information on how the project is funded.

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