All the advertising around town paid off!


If Chicago finally gets the Olympics, how many natives are going to avoid the Loop during the whole ordeal? I for one will stay South!

Chicago wins US Olympic bid

BY ANDREW HERRMANN Staff Reporter
WASHINGTON -- Chicago today won the right to represent the United States in competition for the Olympic Summer Games of 2016.

United States Olympic Committee Chairman Peter Ueberroth made the announcement here just before 3:15 p.m., following a dramatic opening of a sealed envelope containing the final vote of the USOC committee.
Chicago was chosen over Los Angeles to be the U.S. host city for the 2016 Olympics.

“It was a very tough decision,” Ueberroth said before opening the envelope. “If I had all the power — and sometimes people accuse me of that — I would take the map and merge the two cities, because I’ll tell you what: If you could take the mayors of these two communities and have them run our country, we would all be better off.’’
A “very nervous” Mayor Daley was on hand for the announcement.

“I jumped right out of the seat,” the mayor said of his reaction after the announcement. “I was like a little kid watching the Olympics.”

Next up: a 2009 vote by the International Olympic Committee, which will choose among a host of cities that could include Rio de Janiero, Madrid and Tokyo.

The USOC board voted to support Chicago’s bid over a plan presented by Los Angeles.

Chicago is offering a compact games centered around the lakefront, including a privately-financed $1.1 billion Olympic Village near McCormick Place, a $366 million temporary stadium in the south side’s Washington Park and a $78 million aquatics center in Douglas Park on the city’s west side.

Chicago officials have maintained that the nearly $3 billion operating budget can be covered by Olympic revenues, including television contracts and sponsorship monies. However, the city has pledged $500 million in the event revenues fall short, and Gov. Blagojevich is working to develop a $150 million “safety net.’’

Chicago officials insist it is unlikely that taxpayer dollars will have to be tapped as they are predicting the games will generate a $525 million surplus. The Chicago Park District is kicking in $15 million for the aquatics center, which it would be able to use following the games.

Today’s vote came after a both cities made final pitches here that included questions by the USOC board. Chicago’s six-member team was led by Mayor Daley and Patrick Ryan, the insurance magnate who serves as chairman of the Chicago 2016 committee. Also presenting was the mayor’s brother, William, a former U.S. Commerce secretary whose global business contacts were seen as a plus as the city must now win 60 votes from the IOC to host the Summer Games.

Talking to reporters here before the vote, Mayor Daley said the city’s pitch included Chicago’s history as a place built by immigrants. “Chicago is such an international global city – every community is represented throughout the world.”

3 Comments:

  1. SP Biloxi said...
    "Chicago wins USOC bid"

    Good luck to Chicago. I know that it is good and bad for Chicago. It is good for Chicago financially and exposure of the city. It is bad for the of the corruption and bad economics for the city. It will be differcult for the city in the millions to prepare for the Olympics if they win the bid with no budget, no money, and crooked city officials.
    Third Generation Chicago Native said...
    I will not be in the Loop during all of this. I know people who live in Atlanta and it was bad for anyone who lived there to get around. Some went to check it out for one day but, that is way too many people in town for a short time.
    I am will stay South if we get the Olympics, no visitors seem to want to come to the South side, for tourism, so I'm safe!
    SP Biloxi said...
    We shall see if Chicago wins the bid.

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