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Chicago's Summer Olympics dreams will have to wait another four years -- at the very least.
The U.S. Olympic Committee has notified all interested cities that it will not submit a bid to host the 2020 Summer Olympics.
Chicago, New York and Dallas were among those that had expressed interest in putting forth a bid to host the games, but any bid was contingent upon the USOC working out a long-simmering revenue-sharing deal with the International Olympic Committee.
USOC spokesman Patrick Sandusky said Monday on Twitter that "I can confirm the US will not be bidding for the 2020 Olympic Games."
He told The Associated Press the cities that had expressed interest were notified over the weekend that no bid would happen.
Countries have until Sept. 1 to submit the name of candidate cities.
"With such little time left in the process, we don't believe we could pull together a winning bid that could serve the Olympic and Paralympic movement," Sandusky told the AP.
There also was no process in place to select a city, as there was for 2016, when Chicago beat out finalists Los Angeles and San Francisco to become the U.S. representative.
The USOC's decision not to bid for 2020 means there will be at least a 20-year gap between Olympics in the United States. The last games on U.S. soil were the Salt Lake City Winter Olympics in 2002 and the last Summer Olympics were the Atlanta Games in 1996.
New York was, at one time, considered a favorite to host 2012, but it lost in embarrassing fashion.
Chicago finished fourth of four finalists for the 2016 Games, and that humiliating loss was viewed by many as more a reflection on the USOC's relationship with the IOC than the city's viability as an Olympic host.
America's next chance to host an Olympics would be the 2022 Winter Games. Denver and the Reno/Tahoe area have expressed interest, though the USOC would put the same caveats on a bid for those games _ that there would be no attempt unless the revenue-sharing deal is worked out and the relationship with the IOC improves.
Since Chicago lost the bid to host the 2016 Games, USOC leadership had said there was only a very slim possibility of a 2020 bid and it would be tied to the USOC working out a deal on the contentious issue of whether the USOC would give the IOC more from the U.S. broadcasting and global sponsorship deals.
The IOC will award the 2020 Games in 2013. So far, Rome, Tokyo, Madrid and Istanbul, Turkey, have announced they will bid.
There has been very little talk about the 2024 Summer Games, which won't be awarded for another six years.