Chicago is hoping to cash in on popular boat tours along the Chicago River.
The City Council on Wednesday approved new tour boat license agreements at two Chicago River docks, which officials say should generate $43 million for the city over the next decade.
Wendella Sightseeing Co. will operate on the north side of the river, west of Michigan Avenue. Mercury Skyline Yacht Charter will operate from the south side, east of Michigan Avenue.
The 10-year agreements would include a minimal annual guarantee for the use of the city's docks. The amount would escalate by 3% annually, and companies would pay a fee of 5% of their annual gross revenue.
Mayor Rahm Emanuel calls tour boat operations "a colorful and valued amenity for visitors to Chicago's downtown."
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Thursday, May 16 2013 9:49 PM EDT2013-05-17 01:49:53 GMT
Mayor Emanuel will celebrate two years in office by unveiling "Elevate Chicago" on Thursday, a series of construction projects to improve Navy Pier and McCormick Place.
Mayor Emanuel will celebrate two years in office by unveiling "Elevate Chicago" on Thursday, a series of construction projects to improve Navy Pier and McCormick Place.
Monday, February 25 2013 1:41 PM EST2013-02-25 18:41:37 GMT
Just as Oscar host Seth MacFarlane set his sights on a variety of targets with a mixture of hits and misses, the motion picture academy spread the gold around to a varied slate of films.
Just as Oscar host Seth MacFarlane set his sights on a variety of targets with a mixture of hits and misses, the motion picture academy spread the gold around to a varied slate of films.
Wednesday, May 22 2013 7:03 PM EDT2013-05-22 23:03:10 GMT
The Chicago Board of Education made its final decision Wednesday afternoon - to close 48 Chicago Public Schools in June, with one school delayed a year and to save five others.
The Chicago Board of Education made its final decision Wednesday afternoon - to close 48 Chicago Public Schools in June, with one school delayed a year and to save five others.
Wednesday, May 22 2013 6:45 PM EDT2013-05-22 22:45:07 GMT
Illinois public schools that teach sex education will have to include information about contraception and sexually transmitted diseases instead of a curriculum focused on abstinence.
Illinois public schools that teach sex education will have to include information about contraception and sexually transmitted diseases instead of a curriculum focused on abstinence.
Wednesday, May 22 2013 5:50 PM EDT2013-05-22 21:50:46 GMT
The attorney for an 87-year-old woman who accuses Donald Trump of cheating her in a skyscraper condo deal told Chicago jurors on Wednesday that the "Apprentice" star lied on the witness stand.
Jurors have withdrawn to begin deliberations about whether Donald Trump cheated an 87-year-old who claims the "Apprentice" star cheated her in property deal.
Wednesday, May 22 2013 11:01 PM EDT2013-05-23 03:01:11 GMT
Authorities say two New York City men and a New Jersey man kidnapped another man off a Queens street in broad daylight and held him for over a month, demanding $3 million from his family.
Authorities say two New York City men and a New Jersey man kidnapped another man off a Queens street in broad daylight and held him for over a month, demanding $3 million from his family.
Wednesday, May 22 2013 10:08 PM EDT2013-05-23 02:08:29 GMT
A bus chaperone is accused of going on a profanity-laced tirade towards a group of 12 and 13-year-olds and a piece of candy may be what started the incident.
A bus chaperone is accused of going on a profanity-laced tirade towards a group of 12 and 13-year-olds and a piece of candy may be what started the incident.
Wednesday, May 22 2013 9:46 PM EDT2013-05-23 01:46:23 GMT
The New York City Police Department says it is beefing up security at the British consulate, military recruiting stations and other locations due to an apparent terror attack in London.
The New York City Police Department says it is beefing up security at the British consulate, military recruiting stations and other locations due to an apparent terror attack in London.
Wednesday, May 22 2013 7:44 PM EDT2013-05-22 23:44:14 GMT
New Jersey officials have seized inventory and demanded records from 29 bars and restaurants, nearly half of them TGI Fridays, that they say sold low-quality liquor to patrons who thought they were buying premium brands.
New Jersey officials have seized inventory and demanded records from 29 bars and restaurants, nearly half of them TGI Fridays, that they say sold low-quality liquor to patrons who thought they were buying premium brands.
Wednesday, May 22 2013 6:15 PM EDT2013-05-22 22:15:21 GMT
An Army soldier has been charged with secretly photographing and videotaping women at the U.S. Military Academy at West Point, including in a bathroom.
An Army soldier has been charged with secretly photographing and videotaping women at the U.S. Military Academy at West Point, including in a bathroom.
Wednesday, May 22 2013 1:00 PM EDT2013-05-22 17:00:29 GMT
An emotional funeral service has been held for a Hofstra University student who was accidentally shot by police.
An emotional funeral service has been held for a Hofstra University student who was accidentally shot by police. Andrea Rebello's family followed the pastor Wednesday as he led her white cloth-draped coffin to the altar at St. Teresa of Avila Church in Sleepy Hollow, N.Y.
Wednesday, May 22 2013 12:55 PM EDT2013-05-22 16:55:01 GMT
Jersey shore town is celebrating a milestone as it rebuilds from Superstorm Sandy. Belmar officials will reopen their 1.3-mile boardwalk that was destroyed by the October storm.
Jersey shore town is celebrating a milestone as it rebuilds from Superstorm Sandy. Belmar officials will reopen their 1.3-mile boardwalk that was destroyed by the October storm.
