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.

6 comments:

dbcooper said...

Good Post. Take it from someone who lives in Vancouver the host of the 2010 Winter Olympics (next February). The Olympics as much as I love sports are a waste of money that could be better spent on a lot of other things.

linda said...

The buzz of getting the Olympics passes when the people all go home.

One thing for sure, Rio will know how to put on a great parade.

raydenzel1 said...

I am sure it will be fun, but when Montreal had it, it took them 30 years to pay the bills.

raydenzel1 said...

Thanks DB
I think they should just drop it. Over the years the spirit of the games has been tainted and ruined.

The Topiary Cow said...

It just seems stupid to build all those stadiums just for one time. Why not recycle them after 10 years or so, go back to a city that already built everything?

LA is still trying to recover from hosting it, I think it was millions lost. Greece, the same.

How wasteful. Glad Chicago escaped.

Moo!

raydenzel1 said...

Moo
They should work it like they do for the Super Bowl.
Rotate it on a regular basis to cities well equipped to handle it. It would certainly reduce the corruption involved in granting a city the site.

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