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In this month’s issue of Budget and Tax News, Dennis Byrne reports the inadequacies of Mayor Richard M. Daley’s Chicago 2016 plans.
According to University of Chicago sports economist Allen Sanderson, not all of the costs of hosting the Games have been considered. He cites the CTA upgrades required to handle a rider surge during the Olympics, nor a backup plan if – or when – it goes over budget.
(To date, London 2012 costs have tripled to $18 billion and Beijing is pouring $40 billion into the 2008 Olympics.)
I don’t think the CTA can get any worse than it already is, to be honest…