Willis Tower was $50 million. Since 2007, the building owners considered building a hotel on the north side of Jackson, between Wacker and Franklin, at the plaza that is the entrance to the tower's observation deck. The tower's parking garage is beneath the plaza. Building owners say the second building was considered in the original design. The plan was eventually cancelled as city zoning does not permit construction of such a tall tower there. Although Sears' naming rights expired in 2003, the building continued to be called the Sears Tower for several years. In March 2009, London-based insurance broker Willis Group Holdings
Chase Tower (Chicago) and Monroe streets. Before the building was constructed, the Morrison Hotel, on its former site, was demolished in 1965. The building first opened in 1969 as First National Plaza. When constructed, it was the headquarters of First Chicago Corporation. In 1998, it became the headquarters for Bank One Corporation, and accordingly it was renamed Bank One Tower, The current name dates from October 24, 2005, after Bank One merged with Chase. Chase's retail bank division is based in the tower. Since May 2005 the National Public Radio show "Wait Wait... Don't Tell Me!" is taped on Thursday nights before a