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

building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25
Red necktie with map of Boston

For dads and grads: tie one on to celebrate your city!

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

City Coasters

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

NEW! Get the "Green Bible"

Understand the complexities of planning at the local level while preparing for the AICP* exam. Find out why this edition is included in the APA's recommended reading list.
$105