Copper panels adorn the spandrels, while organic foliage patterns and terracotta designs decorate the façade.
Demolished to make room for the building in 1930, a Prohibition-era speakeasy was formerly on the site.
The flame stands 21 feet tall and weighs four tons.
The new LED system allows millions of colors and various other lighting schemes outside the traditional red-gold-blue system, including charity efforts and sports team colors.
Most of the rhyme is consistent, with variations in the final line: and The light has been used as a harbor marker and navigation aid by mariners in Lake Michigan over the years.