Chicago 2016 leader says risk of taxpayer money in Olympics bid ‘improbable’

CHICAGO — The head of Chicago’s bid for the 2016 Olympics says its is unlikely that taxpayers will be on the hook for millions of dollars if the games turn out to be a financial flop.

Chicago alderman wants Daley to explain Olympic guarantee when he gets home from overseas

CHICAGO — Mayor Richard M. Daley has taken the plunge in trying to lure the 2016 Summer Olympics to Chicago. Now he has to explain to taxpayers in this cash-strapped city why they may be on the hook for millions of dollars if the event flops.