Wednesday, March 18, 2009

Bad News All Around for Chicago 2016

As you know we've been following the Olympics pretty closely and almost everything we've read lately seems to be bad for Chicago's 2016 Bid. Although we're not going to get into a ton of detail on the articles, it simply isn't positive news. The most damaging seems to be an upcoming showdown between the IOC and USOC about revenue-sharing deals. Hopefully both parties can reach an agreement because frankly both rely on each other heavily. If this issue isn't solved it could be the death of Chicago's bid due to the negative feelings that would be harbored by IOC voters.

Other recent negative news include the firing of USOC CEO Jim Scherr and the announcement of various public protests of Chicago's bid when the IOC comes on April 2nd.

Should be a couple of interesting months for Chicago and its 2016 Olympic Bid.