OLYMPICS IN CHICAGO? IS IT GOOD FOR REAL ESTATE OR??

My opinion - The exposure Chicago has received for both the Olympics and boasting President Obama’s hometown have already strengthened Chicago’s position as a world class city. In the long-term, the fix is in for prices to escalate when market conditions stabilize. So – the value is already added to some extent.

However, reading about our Third Coast Lakefront and Millennium Park and Michigan Avenue and the theaters and restaurants will only go so far until the world comes here and experiences the wonders of Chicago first-hand. I guess you could say I’m a total fan of Chicago – and I make my livelihood from real estate, so let’s get it on the table - am biased, for sure.

Inviting the world to our stage is a magnificent opportunity. Will it cost money? Sure. Will we end up with city improvements similar to the Millennium Park improvements? Sure again. Let’s all tighten our belts and escalate Chicago’s world-class status one notch more. Simple decision. Vote Olympics!

If you want to get involved, here is what is happening:

Finalist Cities for the 2016 Olympics
Chicago Rio de Janeiro Tokyo Madrid

Washington Park Olympics Coalition - Saturday, February 7 at 9 AM
Meeting at the Washington Park Field house at 5531 S. King Dr. For more information, visit www.hydepark.org/hpkccnews/commmtgscal.htm

FINAL BIDS DUE FROM CANDIDATE CITIES: ; February 12
Presentation at Sports Accord (Denver): March 22 to 27
IOC Evaluation Commission Visits Chicago: April 2 to 7
Presentation to IOC Executive Committee: June 17 to 19
IOC VOTES TO AWARD 2016 OLYMPICS: October 2