Millennium Park is a public park located in the Chicago Loop community area of Chicago within Cook County, Illinois, United States. It is a prominent civic center of the City of Chicago's Lake Michigan lakefront. In 2004, a 24.5-acre (99,000 m2) section of northern Grant Park, previously occupied by Illinois Central rail yards and parking lots, was built over and redeveloped as Millennium Park. The park hosts a variety of public art in an area is bounded by Michigan Avenue, Randolph Street, Columbus Drive and East Monroe Drive.
The park is considered to be the city's most important project since the World's Columbian Exposition of 1893, and it far exceeded its originally proposed budget of $150 million. The final cost of $475 million was borne both by Chicago taxpayers and private donors. The city paid a total of $270 million and private donors paid the remainder. Private donors assumed roughly half of the financial responsibility for the cost overruns.
The park is considered to be the city's most important project since the World's Columbian Exposition of 1893, and it far exceeded its originally proposed budget of $150 million. The final cost of $475 million was borne both by Chicago taxpayers and private donors. The city paid a total of $270 million and private donors paid the remainder. Private donors assumed roughly half of the financial responsibility for the cost overruns.
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