Chicago 2016 Update: Prague to drop bid for 2016 Summer Olympics…maybe

The Associated Press reported that Prague may withdraw its bid for the 2016 Olympics unless it gets money from the Czech government. Tomas Petera, head of Prague 2016 said, “quite frankly we are pressed for time”.

According to estimates, the Prague bid needs about $6.7 billion to compete.

Petera said, “without it our chances equal zero. We are going to have to make a final decision whether to bid or not some time between now and Jan. 14, depending on whether we have the guarantees”.

One down, five to go, I guess.