As many of you may already know, the City of Chicago is in the running to host the 2016 Olympics. Aside from bringing business and international attention to the city, hosting such an event would create thousands of Chicago jobs.
Overall, the games would create 315,000 new jobs and generate more than $20 billion in new economic activity, including more than $1.5 billion in business taxes throughout the state. The games also will leave behind an aquatics center, amphitheater for sporting and cultural events, a multi-sport facility and 50-meter recreational and competition swimming pool, new hockey field, new tennis courts and new recreational space at Northerly Island.
Officials believe the benefits of hosting the games will heavily outweigh any possible negatives or burden to taxpayers.