Press Detail

Olympic ‘real estate risks’

Posted on September 04, 2009

Chicago Sun-Times

This article reviews the Civic Federation and L.E.K Consulting’s analysis of the Chicago 2016 Olympic Bid. It discusses the recommendations in the report, which include a call for greater transparency on the part of the bid committee and increasing the insurance coverage to minimize taxpayer risk associated with the proposed Olympic Village. The article also notes the costs the City will incur to provide services during the Games, including police, fire and emergency, much of which would be reimbursed by the federal government.