2016's Costs Revealed - NBC Chicago

2016's Costs Revealed

Chicago took in $75.9 million during its crusade for the Games



    2016's Costs Revealed
    Patrick Sterk, left, and Nance Dulas, second left, wait in Daley Square for the announcement from the 121st International Olympic Committee on the host city for the 2016 Summer Olympic Games in Chicago, Friday, Oct. 2, 2009. (AP Photo/M. Spencer Green)

    Chicago officially closed the books on its Olympic dream today when it filed its final financial statement for the failed 2016 bid.
    Chicago 2016 Chairman Patrick Ryan issued a statement detailing the fundraising and expenditures for the Olympic bid that died in Copenhagen, Denmark last fall.

      "We are grateful to our very generous donors who understood the impact that the Olympic and Paralympic Games have on inspiring young people, and who supported our hope to showcase Chicago to the world," Chicago 2016 chairman Patrick Ryan said in a statement.
    The filing shows that the bid committee, Chicago 2016, took in $75.9 million in cash contributions, event revenues, merchandise sales and interest income.
    During the 42 month campaign, the organization spent $59.4 million. The remainder, $16.5 million, went to the bid's legacy youth sports organization, World Sport Chicago.
    Chicago 2016 also received $16.2 million in donated goods and services.
    "Although unsuccessful in our attempt to bring the 2016 Games to Chicago, we believe the bid showcased the greatness of our city and its citizens to the world, and inspired tens of thousands of Chicago youth to become engaged in sports," Ryan said.