Wednesday, January 16, 2008

Chicago budgets less than some rivals for Olympic sites

More Chicago 2016 Olympic news from Crain's...
Chicago plans to spend less but bring in a lot more compared with its rivals if it hosts the 2016 Summer Olympics. Both are key components in the recipe for an Olympic bid.

“It’s a good plan,” Rob Livingstone, an Olympic historian in Toronto who runs a Web site that tracks bidding for the Olympics, said of Chicago’s bid. “Everything seems to be in place. The venue plan is compact.”

Organizers in five of the seven cities that hope to host the games released their formal Olympic questionnaires Tuesday. It’s a preliminary measure that the International Olympic Committee will use to come up with a list of finalist cities by summer.

The document is the first look at how Chicago, a favorite among many Olympic observers to make the final cut, stacks up against the competition: Tokyo, Doha, Qatar; Rio de Janeiro, Madrid, Bacu, Azerbaijan; and Prague, Czech Republic. Bacu and Prague did not release their questionnaires publicly.

Chicago stacks up well against competitors, observers say, because it’s convenient for the lucrative U.S. media market in a sports-friendly town with excellent transportation. The city also has never hosted the Olympics.

The venues would be in a compact area along the city’s lakefront, giving athletes and spectators a short distance to walk to events and attractions in the city. Disadvantage: It’s not as well known internationally as some other cities.
Here's the chart from Crain's and you can read up the rest of the article there.

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