Press Detail

Report: Olympic risk real estate, not financial

Posted on September 09, 2009

ABC 7 News

This nightly news segment features an interview with Civic Federation President Laurence Msall about the Federation’s analysis of the Chicago 2016 Olympic Bid. Mr. Msall notes that the operating budget for the Bid is on the whole fair and reasonable, but the Federation has reservations about the financing of the Olympic Village and the Bid Committee’s sometimes optimistic revenue projections.