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
Chicago Water Tower Louisville Water Tower in Louisville, Kentucky. The Chicago Water Tower now serves as a Chicago Office of Tourism art gallery known as the City Gallery in the Historic Water Tower. It features the work of local photographers and artists, and filmmakers. The tower, built in 1869 by architect William W. Boyington from yellowing Lemont limestone, is 182 feet (55 m) tall. Inside was a 138-foot (42 m) high standpipe to hold water. In addition to being used for firefighting, the pressure in the pipe could be regulated to control water surges in the area. Together with the adjacent Chicago Avenue