Chicago’s Millennium Cultural Gamble

Chicago’s new Millennium Park is a hit with critics and the public. “In many minds, the vibrant new downtown park represents a spectacular and vital transformation of a city’s core, and a populist tide that, especially given all the rhapsodic national press that has flowed its way, cannot help but raise all local cultural boats. But there’s a downside. The construction of Millennium Park ate up a whopping $200 million in local arts philanthropic dollars. And it’s seeking still more donated money in 2005 to fully establish its ongoing conservancy. Some are starting to suggest that the local moneybags are in danger of being tapped out.”