In 2002, the Chicago Park District acquired an additional immediately east of the park's undeveloped northern half. With the acquisition of this land, the CPD planned a second development-stage—dubbed "Phase II"—of the park's nearly undeveloped. The plan called for the development of the area's shoreline and access points, as well as the construction of a cultural arts and recreational facility and a boathouse. The estimated cost was $38 million.
