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Chicago Institutions Hiking Prices At Bad Time

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Mar 12, 2009 9:47 pm US/Central

Chicago Institutions Hiking Prices At Bad Time

Reporting
Jay Levine

CHICAGO (CBS) ―

Click to enlarge 1 of 1: Consumer, money, graphic
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There seems to be a troubling trend in Chicago: popular destinations for culture and sports are charging more. But right now, most people can afford less and less.

Chief correspondent Jay Levine reports.

Sometimes, less is more. Especially now.

But those in charge at some of Chicago's civic treasures, sports, cultural apparently still don't get it.

Having a world class art museum is good for our city. But the timing of a $250 million addition and a 50 percent admission-fee increase, in part to pay for maintaining it, has people shaking their heads.

"All kinds of institutions' endowments are starting to drop," the Art Institute's Erin Hogan said. "We are fiscally very prudent, and we are going proceed with plans we've had in place now for a decade."

Let's not pick on the Art Institute alone. How about our nationally known planetarium, for which the former Congressman Rahm Emmanuel -- now the president's right hand man -- wants to earmark $900,000 for a new projection system?

And how about the new owner of the Cubs and Wrigley Field, Tom Ricketts? Sam Zell's already done the dirty work and raised Cubs ticket prices this season.

"The problem is, it's not family entertainment anymore," St. John, Ind. resident Christian Jorganson said. "Because most families can't go out and spend that kind of money. In fact, it's a shame."

Ticket rollbacks have already been announced in the NBA by Detroit, Houston, Sacramento and others. The world-champion Boston Celtics actually have some half-price nights this season. Not the Bulls. Same ticket price. Same food costs.

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