Olympic Impact on Chicago Likely Modest
"Sure, the games could do a lot for Chicago. They might erase the long-lingering image of Al Capone. Or prod the feds to kick in billions of dollars to upgrade the CTA. Or lead to new stores and housing in poor neighborhoods near Olympic venues. Or boost Chicago's drive to become a city of global stature.
Some of this undoubtedly will transpire if Chicago gets the nod from the International Olympic Committee. But Chicago's Olympic plans are actually quite modest. Besides, with President Barack Obama not committed to attending the big Olympic bake-off in Copenhagen Friday, it may be more realistic to ponder what will happen even if Chicago doesn't get the 2016 Summer Games."
Obama recently announced plans to fly to Copenhagen Thursday night to make a final pitch for a Chicago-hosted Olympics. Chicago is competing with three other finalists: Tokyo, Rio de Janiero and Madrid. The winning bid will be announced on Friday, October 2.
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