Just Another Reminder....
- The Rio Olympics continue to be an example of why more and more cities are wary of hosting the games.
Rio 2016 has essentially become a financial disaster, with the games costing $13 billion in a mix of private and public money, according to a June Associated Press report.
Much of the Olympic infrastructure is abandoned or underused, including the $700 million athletes village that was supposed to be turned into luxury condos once the games were over.
Stephen Wade of the Associated Press recently reported via Twitter that the athletes village was "shuttered" and that only 7% of the condos had been sold.
Tokyo, the 2020 site, has seen theirs costs balloon from $6 billion to over $12 billion - 100% above budget and nearly 3 years to go.
Labels: olympics
posted by SCC at 12:01 AM
29 Comments:
Thank heaven the IOC shunned shanks and Chicago 2016. We could have been stuck with the whole mess. shank's whole crowd at the Daley Center getting the bad news still warms my heart!
With the way the world is going... Forget your debts (except to friends) and enjoy your time. Everyone's fd.
Be so very glad Chicago dodged that bullet.
Rahm would have invested the Police Pension Fund in Chicago Olympic Bonds.
Too bad, All of CPD missed out on all that sweet, sweet overtime pay. There were barely any other opportunities for any overtime in the Summer of 2016.
That would have been the death blow for the City. And to think, it only cost us about $75mil to lose. That's a bargain. The only bad part is I still have a warehouse full of Chalkie 2016 t-shirts that I can't get rid of!
Thank god IOC corruption caused Obama not to fuck this one up.
The Daley/Vanecko Crime Family would have raked in millions if we got the Olympics.
And our pensions and healthcare...
>Daley's Epic Melt-Down On The
Flight Back From Copenhagen<
That greasy, inbred, thieving jag-off
threw a grand mal, tongue-chewing
shit fit over Chicago not getting
the bid.
So... All you cracker-muthafuckin'-jack
Chicago media "investigative reporters,"
sat on their pens about Davis Vanecko Realty
funneling what? Some $60 Million of Chicago
Police pension money to Crime King Shorty
so he could use it to grease the rails and
show those Euro-Rubes how "Chicawguh"
does business.
Hanging is too good a punishment
for those thieving m/fers.
Those continentals rolled Daley like a
North Shore business titan who tried to get his
dick sucked after a Blackhawks game when
the old Mad House on Madison was up...
>Stumbling past the Armory with a big fuckin'
goose-egg on his head, his pockets turned
inside-out and his pants down around his ankles<
"They took my car too..."
Stupid m/fer...
We say again.
Had Chicago gotten the bid, the thievery
would've been so titanic, U.S. Bureau of Engraving
would've had to run off new issue $100,000
Gold Certificates and circulate them in uncut
sheets for the Daley Lick-Hitters so as not
to dry up the supply of regular foldin' money
so that we, the little people wouldn't have
cause to chain the doors at City Hall and
purifying it with fire.
Just imagine every political, media and corporate
swing-dick/hang-tit running around with architect
portfolios crammed full of Gold Certificates.
...And there STILL would've been the criminal
underfunding and theft from our pension fund.
...And Retired Policemen would STILL have had
their medical insurance stolen from them.
Second best was the visceral reaction of the
crowd at Daley Plaza.
Stunned silence.
Crying.
And Policemen were just grinning about these
children getting their rude awakening.
We remember the comments section on this blog
was lit up with their angst and bewilderment.
"How can you Cops be HAPPY about THIS!"
Easy!
Haven't you all learned anything yet?
Police Like You Have No Friends
Sure, Chicago might've got a few federal dollars for hosting the games, but having the Olympics here was never about the city making money. Just the connected contractors, land owners, etc.
rb
Olympics equal a waste of time. A permanent facility should be built somewhere and thats where the games should be held so the high priced professional athletes can show off their skills. Too many made up events, "rhytmic dancing?". No judged events only the ones that have the fastest, longest, or strongest wins an event. This eliminates partisanship, preferred, or revenge judging ie. "The Russiann judge gives a 3" kinda stuff. The current Olympic committee is loaded with bribe taking officials and host cities are devastated by the huge price tag.
Olympics are a waste of money and time! Glad we did not get it!
Chicago would have fared better. We are used to abandoned buildings.
Yet LA is full speed ahead to host the 2024 games
Slow learners
The Olympics is the biggest wealth redistribution and money laundering rig in the world.
You know how one man's garbage is another man's treasure?
Well, the Olympics is the same way.
What us regular folks consider to be a pile of trash (avoiding it being beneficial as dodging a bullet), another would consider it treasure lost.
There were an awful lot of upset people when the Windy City did not get the Olympics - from a PRIVATE range looking to soak up a LOT of gravy loot to slum property buyers who collected up certain ZONED properties for pennies on the dollar that would be worth hundreds of millions to the "Committee" had the Olympics come to town.
A particular "Community" Bank that was making international micro-lending its claim to fame that was planned to launder it all for those players falling apart a little too early might just have been the final nail in the coffin that buried the attempted raping of Chicago.
Of course, a 2x4 murder right about decision time going viral was probably a significant nail too - along with a certain Mayor refusing to let go of his precious gun ban as well. After all, it is pretty tough for Olympic SHOOTERS to compete, without their GUNS!
Maybe it is more simple. Maybe the Stupid belonging to the Chicago Elite stopped MORE Stupid form coming to ChiTown. Maybe the already too much Debt stopped MORE debt. Maybe the Idiocy of the MadAgain Family drove other idiocy away, those other idiots seeing that the Chicago idiots would get the worldwide idiots caught. (Romney crony (R)'s figured that the (D) cronies mighta got em all caught maybe?)
Regardless - Chicago is better off in a whole host of ways because that bullet was indeed dodged.
Couldn't Rahm just raise taxes and write another check for the whole shebang?
J.J.
But we have all that undeveloped land the city bought!
When are the sweetheart deals about that going to come out? After next election?
Gotta wonder how all the clouted and connected ones who were buying up all the crappy buildings around Douglas Park in anticipation of the events to be held there made out?
Did they get stuck with their "investment" or did shortshanks bail them out with city funds?
Chuckie?
Pam?
Anybody curious?
Anybody with a brain saw this coming.
All this did was procrastinate the inevitable.
The city would have taken the county and the state down with it.
Bankruptcy.
There you go, I said it.
Cook County Democrats would have NOOOOO problem hoisting that financial mess up on the tax payers.
I wonder if this story will ever break open....
http://www.chicagomag.com/Chicago-Magazine/August-2011/New-Details-Emerge-in-the-Death-of-Chicago-School-Board-President-Michael-Scott/
New Details Emerge in the Death of Chicago School Board President Michael Scott
SHADOWS OF DOUBT: Nearly two years after Michael Scott turned up dead in the Chicago River, we reveal exclusive new details about his final hours—clues that only deepen the mystery of what really happened on that sad November day.
Of course, Michael Scott was more than just a devoted family man. He was also that classic Chicago character, the consummate backroom insider and political fixer who blurred the boundary between public service and personal business. Over the years, Scott had successfully parlayed his political connections into lucrative consulting and real-estate careers, but by the fall of 2009 his complex dealings were starting to catch up with him. Several high-stakes real-estate plays—including ventures whose success hinged on the city landing the 2016 Summer Olympics—had blown up on him and his partners. A fast-food restaurant chain he had invested in was also hemorrhaging money. On the political front, Scott had become the target of official investigations that would eventually erupt into mini scandals. Did he see his life’s work and his proud reputation unraveling and choose suicide as an escape from his troubles?
Shit, shitcago went 100% for the olympics and got rejected. They wanted the shit all along and will also in the future, watch.
Anonymous said...
Too bad, All of CPD missed out on all that sweet, sweet overtime pay. There were barely any other opportunities for any overtime in the Summer of 2016.
7/21/2017 12:41:00 AM
And yet, somehow you squeaked by on $80,000 a year.
Anonymous Anonymous said...
Too bad, All of CPD missed out on all that sweet, sweet overtime pay. There were barely any other opportunities for any overtime in the Summer of 2016.
No opportunities for OT. They were cancelling DO's and making mandatory OT. Blog was full of po's stating they coulding get a day off and spend time with family
How many Billions of dollars would have gone into democrat corruption , reverends pockets??
No Chicago Olympics was one of the reasons Richie daley packed up and retired ..His fun money of Billions Olympic dollars from Feds Corporations , dried up
Phew! I don't think Chcago could afford another Cubs or Sox World Series let alone host an Olympics.
Got-Damn obama lie-berry/mosque is gonna break the bank first.
Olympics is a two way street. The Olympics advance crew
MUST be wined/dined/free airline fares (in & out), walking around
money, ect. MULTIPLIED by a good 6 to 7 visits. City don't score
unless ALL visits turn out to their liking. Looks like Chicago came up
short, or they saw something that money could not change.
Anyway, NO LOSS to Chicago. It's actually a win.
Boy that was a Hog the Demokrats couldn't wait to slice up and pass around. Yes the taxpayer would have caught it up the kazzoo but its nothing more taxes couldnt cure because at this point its just more red ink.
It would have been the airports X 10,000. Every little piggie would have gotten their time at the tittie.
Anonymous Anonymous said...
Yet LA is full speed ahead to host the 2024 games
Slow learners
LA has hosted before (last time was 1984), and already has 90% of the infrastructure and facilities needed. That's the reason they're getting it.
Losing the Olympics was the death knell for ShortShanks. Good riddance to Richie and his .parking meter ploy to keep the budget afloat until Rahm took over. Now when is Special Ed going to strip the little thief of his CPD Detail? If ShottShanks wants security-let him pay for it.
Retired .38 spl +P
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