Cost Concerns Linger Over Chicago's Olympic Bid

Organizers claim city money won't be needed as Chicago edges closer to securing the 2016 Summer Olympics, but locals are wary about the costs that could fall on them. The recession is exacerbating concerns.

Costs associated with the event are estimated at $3.3 billion. Private investors have so far raised $60 million, and more could be expected if the city is chosen as host this October.

"Polls here suggest broad support for bringing the Olympic Games to the city. But increasingly, the economic downturn is taking a central role in the local debate over the bid as more residents raise concerns that Chicago taxpayers, already struggling, could be left paying the bills despite assertions from organizers that no city dollars will be needed."

Full Story: Recession Shadowing Chicago Bid for Games

Comments

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $199
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $14.95 a month

City Coasters

Hand-drawn engraved maps of your favorite neighborhoods are divided up across 4 coasters making each one unique.
$36.00
Red necktie with map of Boston

Tie one on to celebrate your city

Choose from over 20 styles of neckties imprinted with detailed city or transit maps.
$44.95