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Madrid's Mayor revealed today that $55.5 million was spent on the city's failed bid to host the 2016 Summer Games. $25 million of that amount came from the local tax dollars, the rest from private donations. To compare, Chicago spent upwards of $48 million, all of it from privately raised funds. Chicago's final total has not yet been released. Madrid made it to the final round of voting before being crushed by Rio de Janeiro. Chicago was eliminated in the first round.
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Regarding the city of Chicago...What about the time spend by the mayor, staff and other city organizations such as the park district, was this paid by private money or tax payers?
i am certain that Chicago spend a significant amount of money in the failed olympics!!!
Posted by: AC | 10/16/2009 at 03:52 PM