Millennium Park opens (2004)
Chicago's Millennium Park opened four years late and roughly $325 million over its early budget, reaching about $475 million. Critics called it a boondoggle. The lakefront park added Cloud Gate, the Pritzker Pavilion, and open public space downtown.
The cost overruns drew heavy criticism and reviews of how the city managed the project.
The park became one of Chicago's top attractions and a model for civic spaces driving nearby development.
Like Millennium Park, the center ran far over its first budget. Both raise the same question: does a costly public space pay off as a long-term anchor?
