McCormick Should Go Private: Advisor - NBC Chicago

McCormick Should Go Private: Advisor



    McCormick Should Go Private: Advisor
    A shot of McCormick center.

    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.

    The creation of a trusteeship would lead to the ouster of Juan Ochoa, the current CEO of the Metropolitan Pier and Expansion Authority.

    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