“The IOC isn’t reassuring to pay all outstanding expenses or to make sure there isn’t any shortage at the conclusion of these matches,” the announcement said. “The IOC’s aid to help mitigate a potential deficit has a 꽁머니. It doesn’t and isn’t meant to replace the duty of the coordinating committee along with its partners and other things in respect of the duties to stage the matches.”
Does this imply that the IOC will continue to”bond” outside towns, or can this guarantee only be provided as long as the market as in a deflated state? Will the IOC try to offer you any cash to Chicago, as well as London for that matter, to assist them with their shortages and also make it simpler on town to place those Games on? Perhaps donate funds to take the strain off taxpayers, if it come to this? And if yes, where can it get that cash within this financial nightmare we live in?
For most residents of host towns, it comes down to cash. People of us who don’t need the Games do not want them since they do not wish to be shelling out tens of thousands or viewing money spent which could go to aid areas of concern from town.
If money weren’t a problem, I understand a great deal of individuals who’d support the bidding 100 percent. I’d really like to visit Olympic events and cheer for my home nation right in my yard. I’d love all of the publicity Chicago will get shape the remainder of the planet. But I am uncertain about the lingering hole of fiscal debt which could stay over Chicago in the wake.
I guess we must wait and see how the entire currency game will perform if Chicago win the bidding. It’ll be a money game to find out if the town ends up in debt and just how much, and who’ll play the sport to get it from debt. And it’ll be interesting to see it play out.
Where would you stand on whether Chicago ought to host the Games?