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Chicago 2016 group going out of business
Chicago Sun Times ^ | October 5, 2009 | David Roeder

Posted on 10/05/2009 2:43:21 PM PDT by NRG1973

The organization that brought you all those banners, ads and fund-raising pitches for the 2016 Olympics in Chicago soon will pay the price for the city's failure to get the games.

Chicago 2016, the high-powered civic committee that has worked on the city's bid for three years, is expected to lay off most of its 57 paid staffers by the end of October. A small group is expected to remain through year-end as it winds down operations.

In a "stewardship report" issued in late August, the committee disclosed that it has raised $76.9 million from July 2006 through last June 30. All the money was from private donations.

The 39-page report included a brief mention of how it would close shop after an unsuccessful bid. Chicago was the first city to be voted out of contention Friday by the International Olympic Committee, meeting in Copenhagen. The 2016 Summer Games were bestowed on Rio de Janiero, and bids from Madrid and Tokyo also were denied.

(Excerpt) Read more at suntimes.com ...


TOPICS: Business/Economy; News/Current Events; US: Illinois
KEYWORDS: 2016olympics; chicago; chicago2016; theend
I wonder how they will try to blame this shutdown and these layoffs on Bush.
1 posted on 10/05/2009 2:43:21 PM PDT by NRG1973
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To: NRG1973

The Kenyan and his wookie failed to bring home the bacon. tsk tsk tsk


2 posted on 10/05/2009 2:45:31 PM PDT by y6162 (uish..)
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To: NRG1973

Chicago’ll probably find a way to get it out of medicare funds. We’re talking the definition of crooked, sleazy, and putrid government here.


3 posted on 10/05/2009 2:45:37 PM PDT by Da Coyote
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To: NRG1973

More jobs saved by the Obama administration.


4 posted on 10/05/2009 2:45:58 PM PDT by dfwgator
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To: y6162

“his wookie failed to bring home the bacon”

Because she ate it all.


5 posted on 10/05/2009 2:46:17 PM PDT by Niuhuru (The Internet is the digital AIDS; adapting and successfully destroying the MSM host.)
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To: NRG1973

Ah well, back to ACORN or some other form of publically-funded employment. God forbid any of them would get a real job.


6 posted on 10/05/2009 2:46:35 PM PDT by hometoroost (Time to bust the nut - stamp out ACORN)
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To: NRG1973

don’t give up now!! appeal appeal! fight fight!


7 posted on 10/05/2009 2:46:40 PM PDT by GeronL (California : bankrupt ideas from bankrupt people from a bankrupt state now bankrupting America)
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To: NRG1973
“is expected to lay off most of its 57 paid staffers by the end of October. “

One for each State?/S

8 posted on 10/05/2009 2:46:43 PM PDT by HuntsvilleTxVeteran ((B.?) Hussein (Obama?Soetoro?Dunham?) Change America Will Die From.)
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To: NRG1973

$77million! Imagine that...I wonder how much they had to pay Michelle and Bayrak to ‘sacrifice’ and take that bad trip to Copenhagen....That’s one buttload of money for a pisspoor job...


9 posted on 10/05/2009 2:47:20 PM PDT by Gaffer
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To: dfwgator

lol

It could have been worse..

Imagine “Chicago 2016 moves to North Texas to save money”


10 posted on 10/05/2009 2:47:42 PM PDT by GeronL (California : bankrupt ideas from bankrupt people from a bankrupt state now bankrupting America)
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To: NRG1973
Ok they raised 76 mill how much did they spend and how much did these ceo’s get paid and how much is left over and where does the money go from there? Inquiring minds want to know.
11 posted on 10/05/2009 2:47:52 PM PDT by guitarplayer1953 (Romak 7.62X54MM, AK47 7.62X39MM, LARGO 9X23MM, HAPINESS IS A WARM GUN BANG BANG YEA YEA)
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To: NRG1973
. A small group is expected to remain through year-end as it winds down operations.

Ummmm what "operations".
Chicago lost the bid what operations could there be left to do?

12 posted on 10/05/2009 2:48:27 PM PDT by DYngbld (I have read the back of the Book and we WIN!!!!)
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To: y6162

LOL! “Kenyan and his wookie failed to bring home the bacon.” Effing pricless.

I expect there will be some sort of bailout and the Chicago 2016 “workers” can go back to working at ACORN/SEIU.


13 posted on 10/05/2009 2:49:24 PM PDT by Frantzie (Do we want ACORN running America's health care?)
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To: NRG1973

I’m still wondering how many ACORN SEIU types were involved. I suspect the SEIU could have made quite a haul off the olympics. I wouldn’t be surprised if ACORN hoped to squeeze a few million out for themselves.


14 posted on 10/05/2009 2:49:27 PM PDT by cripplecreek (Seniors, the new shovel ready project under socialized medicine.)
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To: NRG1973
In a "stewardship report" issued in late August, the committee disclosed that it has raised $76.9 million from July 2006 through last June 30.

I'd love to see the balance today, along with plans for its disposition.

15 posted on 10/05/2009 2:51:50 PM PDT by buccaneer81 (ECOMCON)
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To: hometoroost
Bingo. regroup, rename >
16 posted on 10/05/2009 2:52:09 PM PDT by jusduat (probably lost)
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To: guitarplayer1953

How about sending some of that to the US Tax payers, to fund the trip BHO took.


17 posted on 10/05/2009 2:52:35 PM PDT by DYngbld (I have read the back of the Book and we WIN!!!!)
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To: Gaffer
That’s one buttload of money for a pisspoor job...

That is Chicago politics.

18 posted on 10/05/2009 2:52:46 PM PDT by HoosierHawk (www.firstsundaymusic.com)
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To: dfwgator
More jobs saved by the Obama administration.
More jobs saved by the Obama administration.
19 posted on 10/05/2009 2:53:13 PM PDT by Willie Green (Go Pat Go!!!)
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To: guitarplayer1953

I’m glad someone finally got to it. Follow the money! I bet there was scads of charitable donations to this big fund. Now it will be distributed to other “causes” since the mission can no longer be carried out, or is it set up to award golden parachutes to all the sacrificing volunteers? (Valerie “Born in Iran” Jarret? Bambi? The Wookie? Rahm? Dailey? Oprah? Jesse? Rev. Wright? The Chicago 7?). Yes, inquiring minds DO want to know.


20 posted on 10/05/2009 2:53:58 PM PDT by shalom aleichem
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To: dfwgator

21 posted on 10/05/2009 2:54:38 PM PDT by Servant of the Cross (the Truth will set you free)
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To: HoosierHawk

So what you’re sayin’ then is all we gotta do is “.....look for the Union Label......”


22 posted on 10/05/2009 2:54:58 PM PDT by Gaffer
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To: NRG1973

“Executive salaries at Chicago 2016 reached a high of $300,000 a year, paid to Chief Operating Officer David Bolger. The group’s president, Lori Healey, was among three staffers earning $250,000 a year.”

/shocked , not


23 posted on 10/05/2009 2:56:03 PM PDT by Lera
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To: DYngbld

Oh, you know, thank you notes, play solitaire on the computer, thank you notes, go to lunch, more of the same . . . (until the $79Mil is gone)


24 posted on 10/05/2009 2:56:06 PM PDT by shalom aleichem
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To: NRG1973

“Chicago 2016 said it spent $48.3 million in pursuit of the bid and donated $13 million to World Sports Chicago, a new organization intended as a legacy of the quest for the Games. World Sports Chicago is supposed to help Chicago-area youth find Olympic and Paralympic sports near their homes.”

Does this mean “World Sports Chicago” is part of Acorn ?


25 posted on 10/05/2009 2:59:24 PM PDT by Lera
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To: Gaffer

Sing it! : )


26 posted on 10/05/2009 3:02:33 PM PDT by HoosierHawk (www.firstsundaymusic.com)
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To: NRG1973

I talked to several Chicagoans over the weekend who are very relieved that the Olympics won’t be held in their city.


27 posted on 10/05/2009 3:03:19 PM PDT by Daveinyork
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To: NRG1973

Isn’t there a connection between Gibbs and this firm?


28 posted on 10/05/2009 3:04:32 PM PDT by Rebelbase (This is the time of year when ACORNS fall.)
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To: DYngbld

have you ever moved or closed an office, had the leased furniture and/or computers picked up, arranged for discontinuation of utilities and other services, run the final payroll, etc. etc. etc.? did you expect that they would simply not show up the next day? just some things to ponder before judging too harshly, and rhetorical questions.


29 posted on 10/05/2009 3:06:30 PM PDT by JustaDumbBlonde (Southern by choice ... American by the grace of God)
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To: DYngbld

have you ever moved or closed an office, had the leased furniture and/or computers picked up, arranged for discontinuation of utilities and other services, run the final payroll, etc. etc. etc.? did you expect that they would simply not show up the next day? just some things to ponder before judging too harshly, and rhetorical questions.


30 posted on 10/05/2009 3:06:45 PM PDT by JustaDumbBlonde (Southern by choice ... American by the grace of God)
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To: cripplecreek
"I’m still wondering how many ACORN SEIU types were involved. I suspect the SEIU could have made quite a haul off the olympics. I wouldn’t be surprised if ACORN hoped to squeeze a few million out for themselves."

I guess the gig was (1) Obama/Daley insiders sell the slums they own for a huge profit (2) favored contractors and unions 'gentrify' the slums with Olympic Village and somesuch and (3) ACORN types get big bucks to assist with the poor 'displaced' by the construction. It really was a big loss for them. In the billions. *snicker*

31 posted on 10/05/2009 3:07:07 PM PDT by eureka! (Turn the Tea Party into our own ACORN when voting time comes. GOTV.)
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To: cripplecreek

All the usual Obama and democrat organizations had their hands in the Chicago Olympics profit jar.

Including Obama financial backers:

Penny Pritzker, who is on the BOD of Hyatt hotels and family owns the business. She was put on the chair of the Chicago olympics village developer group. Magically, Hyatt hotels group would have priority agreements to house all the olympic labor leading up to and during the games.

Valerie Jarrett (dig into her past and you will not be shocked she’s soo connected with the Obamas), who had personally bought up large parcels of land and old buildings and suprise!, suprise!, they end up being where olympic facilities were to be built.


32 posted on 10/05/2009 3:13:22 PM PDT by Proud_USA_Republican ("The problem with socialism is that you eventually run out of other people's money.")
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To: Lera

Just heard this on the radio....money going to sports in the “neighborhoods.” Very vague.....


33 posted on 10/05/2009 3:19:40 PM PDT by Fu-fu2
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To: JustaDumbBlonde
I GOT THE POINT THE FIRST TIME. Sorry didn't intend to offend you.
34 posted on 10/05/2009 3:23:51 PM PDT by DYngbld (I have read the back of the Book and we WIN!!!!)
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To: GeronL

Count every vote!


35 posted on 10/05/2009 3:30:44 PM PDT by rabidralph (http://www.thealaskafundtrust.com/ http://www.sarahpac.com)
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To: NRG1973

36 posted on 10/05/2009 3:33:08 PM PDT by traumer
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To: shalom aleichem

Think the olympics committee knew the Chicago games would be more corrupt than even the Russian winter games in 2014.

Putin and his Kremlin billionaire club seized all the land around Sochi right after they were awarded the games. Land that farmers owned and worked there for generations. And when I said seized, I mean it. They were all goon squaded off their property and not given anything in return.

All so they could personally own the entire project and not have to pay a single ruble for the property. Basically, it will end up the most high end ski resort in Russia after the games. And they’ll own it all.

So basically the majority of the money spent developing the games would go right back into their pockets. The same game plan the Obamas and his buddies Penny and Valerie had.


37 posted on 10/05/2009 3:51:35 PM PDT by Proud_USA_Republican ("The problem with socialism is that you eventually run out of other people's money.")
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To: shalom aleichem
Executive salaries at Chicago 2016 reached a high of $300,000 a year, paid to Chief Operating Officer David Bolger. The group's president, Lori Healey, was among three staffers earning $250,000 a year.

Citing other salaries among nonprofit employers, Chicago 2016 said in its report that its pay packages were reasonable.

A quarter of a million dollars is reasonable salaries for nonprofit? There need to be a congressional hearing into this matter.

38 posted on 10/05/2009 3:52:01 PM PDT by guitarplayer1953 (Romak 7.62X54MM, AK47 7.62X39MM, LARGO 9X23MM, HAPINESS IS A WARM GUN BANG BANG YEA YEA)
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To: NRG1973
...is expected to lay off most of its 57 paid staffers by the end of October.

Jeepers, that's one for each state.....

Will the t-shirts and sweatshirts hit the dollar stores or go right to rags?

39 posted on 10/05/2009 4:05:04 PM PDT by libertarian27 (Ingsoc: Life, Liberty and the Department of Happiness)
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To: dfwgator
More jobs saved by the Obama administration.

+1

40 posted on 10/05/2009 5:01:39 PM PDT by altair (I want him to fail)
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To: JustaDumbBlonde
Actually, I read recently that that is exactly what ACORN’s state office in Montana or Oklahoma did.

They just locked the doors and left everything. Computers, hard drives, voter registration forms, files, call lists, etc.

41 posted on 10/05/2009 5:08:29 PM PDT by 2111USMC
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To: DYngbld
Chicago lost the bid what operations could there be left to do?

That question struck me too, but think about it a moment. The leases on the buildings they used need to be terminated. Office supplies need to be surplussed (and someone has to watch and make sure that the departing personnel don't help themselves to five finger discounts on their way out). Final accounting reports need to be prepared. Tax returns probably need to be prepared. Whatever cash they have on account needs to be returned to donors. There's probably more ...

42 posted on 10/05/2009 5:10:27 PM PDT by altair (I want him to fail)
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To: 2111USMC; JustaDumbBlonde
I'm only a dumb blonde too, but if they were legitimate, there are plenty of things to do. And if they were illegitimate, now is the time to get the paper shredders working 24x7 until all the incriminating evidence is gone.
43 posted on 10/05/2009 5:16:51 PM PDT by altair (I want him to fail)
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To: altair; JustaDumbBlonde
LOL!

I guess all three of us are dumb blondes then!

I'm not particularly disagreeing with you and Justa, it's just that years of Chicago corruption have made me a little cynical.

44 posted on 10/05/2009 5:29:00 PM PDT by 2111USMC
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To: DYngbld
"I GOT THE POINT THE FIRST TIME. Sorry didn't intend to offend you."

No need to yell, and you didn't offend me. You asked what operations could be left since Chicago lost the bid, and I responded. Who knew you'd have a problem with that? Peace.

45 posted on 10/05/2009 7:33:35 PM PDT by JustaDumbBlonde (Southern by choice ... American by the grace of God)
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To: guitarplayer1953

It is pure, tax-free, tax-deductible-to-donors money laundering!


46 posted on 10/06/2009 10:42:07 AM PDT by shalom aleichem
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