Friday, October 2, 2009

Chicago Loses Olympic Bid, A Lose -Win For The Second City!

Congratulations to Rio De Janeiro for winning the bid to host the 2016 Olympics.

I am from Chicago, so it is with mixed feelings that I am happy they did not win.

It all comes down to money. The cost will be in the billions to build the infrastructure to support the games, which after all, is not about the celebration of sport, but instead it is all about money.

Things are getting tough financially in Chicago. Fees and taxes continue to rise. It makes it expensive to live there. Expressways always need work. Cutbacks are everywhere.

Where would the money come from. Some might point out that the prominence that goes along with being a host. But Chicago is already well known around the world. Visitors seem to always have something nice to stay when they visit.

Yes, jobs would be created. What about afterwards? The bills would still come running in. What would have to be built? There are plenty of sport venues and teams to go along with it. A football stadium, two baseball parks, already exist.

It would be nice, it would be fun, and it would be the most expensive date one would ever have. A financial hangover that the city would never recover, thank goodness Rio won.

Good luck to Rio De Janeiro and be happy Chicago that you did not win.
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