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Organizers unveil financial guarantee for Chicago's bid

Associated Press

Friday, March 9, 2007

CHICAGO -- The chief organizer of Chicago's bid for the 2016 Olympics thinks city residents will support the games -- even if it means $500 million of their tax money is at risk. "I don't think the balloon has been burst," Chicago 2016 chairman Patrick Ryan said Friday during a news conference to announce details on the city's proposal for a financial guarantee for the games. The U.S. Olympic Committee is waiting to see Chicago's final package for a financial guarantee. USOC officials ...

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