In a move that surprised no one, the City Council today voted 49-0 to approve the host city contract for the 2016 Summer Olympics that Mayor Daley will now sign, putting the city on the hook for the cost of the Games, though officials insist taxpayers are well-insulated in the case of a financial disaster thanks, in part, to insurance policies. Said Mayor Daley moments before the vote, "This is not about Richard M. Daley's legacy. This is about the city of Chicago.This is a journey. A journey requires all of us being committed." Daley's earlier refusal to sign the contract was seen as a hurdle for the city's bid; the other three candidate cities - Rio, Tokyo, and Madrid - had all signed the contract and a signed contract was an IOC preference though not a requirement. It was telling that an IOC member was present for today's vote. Perhaps just as telling was this line from the Trib's report: "Afterward, aldermen and Mayor Richard Daley gave themselves a standing ovation."

