Communities

IOC’s Rio Pick Could Be Good News for Chicago

My friend Hank Kalet offered a prescient look last week about the potential pitfalls of Chicago being awarded the 2016 Olympic games. The following day, the IOC sent Chicago packing […]

My friend Hank Kalet offered a prescient look last week about the potential pitfalls of Chicago being awarded the 2016 Olympic games. The following day, the IOC sent Chicago packing in the first round of voting in a move that could have been for the best for the Second City.

Grand visions, sometime half-baked, of post-Olympic redevelopment, housing, various ratables, etc., often get lost in the municipal process. There are successes, of course (Olympic Village in Atlanta becoming dormitories for Georgia Tech, for example), but in the case of Chicago, the potential risk levied on the taxpayer could have reached upwards of $2 billion. according to The Chicago Tribune. Plus, there’s the risk of public monies going toward these projects and it’s the developer that wins out in the end.

The postmortems of a failed Olympic bid are not unfamiliar terrain. Sure, I was rooting for Chicago: who wouldn’t? But what better way to lick our wounds than to look at the “what if?” scenarios had Chicago actually been on the hook to hold the Olympic Games seven years from now? Victor Matheson, an economics professor at Holy Cross wrote in an Op-Ed in 2005 called “Luck of the Draw” after New York City lost to London in its bid for the 2012 games:

Mayor Michael R. Bloomberg said the Olympics would have added more than $12 billion to the economy and generated 135,000 jobs. Experts who study the impact of sporting events on the economy, however, uniformly find that such estimates routinely overstate the effect of mega-events like the Olympics on local economies. A study of the 1996 Summer Olympics in Atlanta, which I conducted with Prof. Robert A. Baade of Lake Forest College in Illinois, found that the Games there generated as few as 3,500 new jobs, a tiny fraction of the 77,000 new jobs predicted by the local organizing committee in the run-up to the Olympics.

  • A massive 9-story red brick armory with a curved metal roof, seen from one end. Reminiscent of medieval architecture, the edifice has two tall crenelated towers with conical roofs flanking the main entrance, and another, shorter tower topped by a gazebo. A chain-link fence borders the property, and buses, trucks, and cars can be seen in the street, and pedestrians on the sidewalk.

    There’s a Community Oversight Fight Brewing in the Bronx

    April 2, 2025

    After organizing and giving input for decades, the community around the Kingsbridge Armory might actually see it redeveloped—and they want to continue to have a say in how it goes.

  • Storefront seen from the street, in the Jackson Heights neighborhood of Queens, New York City. Colorful Indian clothing is displayed on seven mannequins in a retail storefront. A woman in jeans and a black jacket is walking by on the sidewalk.

    Poem: Ode to Jackson Heights

    March 26, 2025

    Usman Hameedi, chair of Mass Poetry, captures Jackson Heights in a poem that evokes the sensory delights of a favorite place.

  • Close view of a transom over a government building. Gold lettering in all caps reads "United States Environmental Protection Agency"

    EPA Terminates Already-Awarded Climate Funding

    March 14, 2025

    The agency says $20 billion in green funding for low-income communities was mismanaged and issued with political bias, but so far the EPA hasn’t produced the evidence needed to legally block the grants. Three nonprofits have filed suit.