Press Detail

Chicago Loses Bid to Host 2016 Olympics Despite $48M Push

Posted on October 12, 2009

The Bond Buyer

This article discusses the Chicago 2016 Olympic Bid’s loss in the first round of voting by the International Olympic Committee. It mentions the Civic Federation’s analysis of the Bid, which found that taxpayers were adequately protected against risk stemming from the operating budget, but more insurance was needed to protect against the real estate risks of developing the Olympic Village.