The report also cautioned that some of Chicago 2016's revenue estimates appeared optimistic. "Local sponsorships are predicted to be substantially higher than previous Games, and estimated revenues from donations are aggressive when compared to past Olympic budgets," the report noted ...
...Crain's takes a closer look at the report's forecast on the Olympic Village, which may cause "continuing real estate risks that must be managed."
The report recommends that the city purchase additional insurance to protect against cost overruns on the $1-billion project.
...And Chicago 2016 wraps up its series of town hall meetings to foster community support for the bid and clear up lingering questions on money, transportation and the venues.
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