Chicago 2016 Wants More State Money

By Marcus Gilmer in News on Mar 12, 2009 4:40PM

Worried that financial guarantees don't match those of rival 2016 Olympic candidates Tokyo, Madrid, and Rio, Chicago 2016 is asking the state to increase its financial guarantee of taxpayer money from $150 million to $250 million. The $150 million was originally set by former governor Rod Blagojevich, but current gov Pat Quinn supports giving the extra money. Chicago 2016 spokesman Patrick Sandusky said, "We've always anticipated working with the state on a guarantee and that's the start of that process." [Trib, ABC 7]