McCormick Place should go private, says an advisor to lawmakers who is searching for ways to reduce costs at the struggling convention center.
James Reilly, a former chief executive of the agency that runs McCormick Place and Navy Pier, has proposed putting the property under temporary control of a trustee. The trustee would have eighteen months to find a private management firm.
Reilly also happens to be a candidate for that trusteeship.
Reilly's proposed plan, according to the Sun-Times, includes:
- eliminating McCormick's exclusive electrical franchise, called Focus One
- forbidding McCormick from marking up prices for food and electrical services
- work-rule changes to reduce costs for overtime