Wednesday, July 15, 2009

Independant British Firm Hired to Review Chicago 2016 Costs

British firm L.E.K. has been hired by:
the Civic Federation, a local tax policy watchdog group in Chicago, at the request of City Council.

Federation President Laurence Msail said, "the firm will help us conduct an independent review of expenditures and revenues". He said he believes the firm has been involved in helping other cities prepare Olympic bids, but stressed that it played no role in Chicago's bid.

Chicago City Council recently passed a resolution asked for an independent study after Mayor Richard M. Daley reversed course and reportedly agreed to sign a contract bearing full financial responsibility should Chicago host the 2016 Games.

Hopefully this will help shed some light on the controversy around the Olympic costs...

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