~FOX TV Chicago has been ordered not to run an anti-Olympics story again that shows Chicagoans saying that they don’t want to spend the millions of dollars to have the Olympics in Chicago, and that they would rather it be held in Rio.
~It took Montreal 30 years to pay off the debt they accrued from hosting the Olympics. Does Chicago need this?
~Athens, Greece spent roughly $13 billion -nearly one fifth of the country's GDP - to host the 2004 Games and is still struggling to pay off the debt.
Answer by vbruno at 9:15 AM on Sep. 29, 2009
Answer by grlygrlz2 at 7:26 AM on Sep. 29, 2009
Olympic committees fix their budgets by deleting the costs of infrastructure projects from their balance sheets, because keeping them in makes the games look like not such a great deal. Recent host cities have woken up after the games with wretched hangovers. Athens is swimming in $9 billion of debt, Sydney took on $3.2 billion, and the vaunted Barcelona Games stuck taxpayers with a $1.4 billion tab. The 2012 London Games has already spent twice its budget, and estimates for Beijing's bonanza come in around $40 billion.
Answer by grlygrlz2 at 8:04 AM on Sep. 29, 2009
Answer by tnmomofive at 8:07 AM on Sep. 29, 2009
Answer by Anonymous at 8:10 AM on Sep. 29, 2009
Answer by usmc0351wife at 8:18 AM on Sep. 29, 2009
Question on whether or not there was a Debt on Atlanta for games? And Atlanta's cost was less than half of the $4.8 billion Chicago has estimated it will need to raise if the city is awarded the 2016 Olympic Games.
Answer by grlygrlz2 at 8:39 AM on Sep. 29, 2009
Answer by Anonymous at 8:56 AM on Sep. 29, 2009
Because to Obama and his buddies, sports are the be all and end all, and the Olympics are the peak of sports competition. They simply want to be able to tell the"home team" that they rode into the White House got the the Olympics for Chicago! The rest of the country can go to hell on a greased rail, but by God he got the Olympics for Chicago!
Answer by Anonymous at 9:21 AM on Sep. 29, 2009
Answer by NotPanicking at 9:22 AM on Sep. 29, 2009