We're not oblivious to the financial concerns, worries of corruption and suspicion of sweetheart deals for insiders that seem to be the basis for most objections -- but we believe that more serious examinations of the finances prove a net positive for the city. The vast majority of the funds to pay for the games are dollars the city wouldn’t see otherwise - to suggest that they city is spending dollars on venues that it could otherwise spend on schools, clinics, etc. isn’t really the case. On the other hand, additional spending means more tax revenues that the city can spend on other services.
Thursday, October 1, 2009
Chicagoist's Defense of the Olympics
We're in favor of the Olympics, but realize many of the concerns people have. However, similar to this solid post on the Chicagoist today, we feel as if the net result of the Olympics would be positive for Chicago: