<P> Chicago Shakespeare Theater, a theater that recreates Shakespeare's productions . The Pier also has an IMAX theater . </P> <P> There is lots of outdoor art such as the anchor from the naval vessel USS Chicago (CA - 136 / CG - 11), which is on display at the far end . Other art includes a statue of actor Bob Newhart on a couch as on The Bob Newhart Show, the Captain On The Helm statue dedicated to maritime captains, and the Crack the Whip sculpture of eight children at play holding hands by J. Seward Johnson Jr . </P> <P> The Ferris wheel was retired on September 27, 2015 . A new model was selected and purchased--the DW60--from Dutch Wheels, the Netherlands - based company that built the pier's former wheel . The state - of - the - art DW60 is the first and only one of its kind in the U.S. with similar wheels currently in operation in Hong Kong and Baku, Azerbaijan . Significant features include two - sided cars that allow for easy loading and unloading, a fortified structure to withstand winds of 115 miles per hour, and safety glass capable of weathering intense storms . The new model was unveiled on May 27, 2016 . </P> <P> Efforts to update Navy Pier for the twenty - first century began, on January 13, 2006, when the Metropolitan Pier and Exposition Authority released a proposal for a major renovation of the Pier, which including a monorail, a 260 - foot (79 m) spokeless Ferris wheel, a roller coaster, floating hotel, and a water park with a Great Lakes theme . The plan would have included nearly double the current parking and a replacement theater with a greater capacity . At the time of the announcement, a price tag of $2 billion was announced . </P>

When was the ferris wheel at navy pier built
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