December 20, 1974 – Mayor Richard J. Daley announces plans for a new park
on the south bank of the Chicago River between Wabash Avenue and Dearborn
Street, a park that will be created with a donation from the IBM Corporation of
$175,000. The corporation’s
headquarters, completed in 1971, sits directly across the river, and with a
matching grant from other businesses in the vicinity it is hoped that the park
will be completed within the year. The
IBM Vice-President in charge of western operations, J. E. Guth, says the park
will measure about 25 feet by 600 feet with linden trees every 25 feet, a
granite walkway, benches, and a sound barrier to muffle traffic noise from the
lower level of Wacker Drive. It was a
good move. Today the space has been
beautifully transformed into Wabash Plaza, a memorial to Illinois veterans who
served in Vietnam, 2900 of whom died in that war.
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