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Olympics Tue Jul 28 2009
The NY Times Sticks Its Snout in Our Business
Just kidding New York Times.
Seriously though, the Times has a piece up today about the recession and "Chicago's" (Daley's) Olympic bid:
This spring, a $1.15 billion deal to privatize the city's parking meter system turned into a fiasco after City Hall's inspector general called it a dubious financial deal and after motorists said they poured money into fancy new meters that, in turn, spat out error messages. A few years ago, Millennium Park, a downtown centerpiece, opened behind schedule and millions of dollars over budget.
"You all are projecting we're going to make a lot of money," a resident, Robin Kaufman, told Olympics planners at a neighborhood meeting, one in a series intended to shore up support. "But the bankers were projecting they were going to make a lot of money. Bernie Madoff was predicting he was going to make a lot of money."
Ms. Kaufman lifted a sign that read, "No Blank Checks."
