A southwest view from of Navy Pier from the Ferris Wheel, Nov. 9, 2010. (Chris Walker/Chicago Tribune)

Navy Pier, the lakefront entertainment complex that has been joined at the hip with McCormick Place, will be leased to a newly formed not-for-profit corporation that will govern and manage the tourist attraction, the Metropolitan Pier and Exposition Authority announced this morning.

Sara Nava Garvey will serve as transitional chair of the new board. She also serves on the board of the authority, the state-city agency known as McPier that now owns and operates the pier and the convention center. Get the full story »