Citizens are tired of waiting for the city to do its job of taking care of essential services and are taking matters in their own hands. A recent article in the Tribune documents a DIY road repair effort! Neighbors take to the street: Chicago wasn’t patching potholes, so West Sider’s became a DIY road crew. …
From an online report, “Beijing’s Empty Venues reveal heavy Cost of Olympics” Post-Olympic financial problems are common for Olympic host cities, particularly for the host of the larger and more expensive Summer Games. Spending billions to host the two-week event, cities almost never make a profit and usually spend years paying off their Olympic-size debt. …
The Tribune’s Steve Chapman wonders if the Olympics will be such a treat for Chicago. Representatives of the International Olympic Committee arrived last week to get a firsthand look at Chicago, one of four cities still in the running for the 2016 Summer Games. If locals are lucky, the IOC team will admire our architecture, …
Talk about buyer’s remorse! The cost of the 2010 winter games in Vancouver are spiralling out of control. The 2016 Committee says it will only cost $4 billion + to do the larger summer games seven years from now. Can’t you just see that screaming headlines “2016 Games – $10 Billion and Rising.” Wake up, …
Chicago 2016 wants the State of Illinois to increase its financial guarantee for Chicago’s 2016 Summer Olympic Games bid. Bid officials want the state to increase its financial guarantee from the $150 million in taxpayer funds pledged in 2007 by former Governor Rod Blagojevich to $250 million, reports CBS Chicago. And the Governor has agreed. …
Crain’s Chicago Business chronicled the big donors to the 2016 Olympic Committee. Surprise, the list is full of firms and Fat Cats who do millions of dollars of business with the city. Download the article (Word file).
Former Alderman Arenda Toutman was sentenced to four years in prison on Tuesday for mail fraud and tax fraud. Troutman is the 30th sitting or former Alderman to be convicted of corruption charges over the past 36 years! Mayor Daley first appointed Troutman to her office in 1990. The Chicago Sun-Times reports that U.S. Attorney …
Wha’t wrong with this picture? The Chicago summer games of 2016 are projected to cost less than the Sydney games of 2000?! Oops. The London games were projected to cost $4.9 billion in their Bid Book. Now running at $13.5 billion! Remember, this is Chicago. Soldier Field renovations. Monroe Street garage repairs. Millennium Park overuns. …
A few hundred million here, a few hundred million there. It adds up. $730 million is how much the city is committed to spending on the Olympics THAT WE KNOW OF. How would spend $730 million to improve Chicago? VOTE ON THIS POLL BY CLICKING THE IMAGE. Poll Answers