Chicago Olympic Bid Slips To Last Place
CHICAGO (CBS) ― Hopes and preparations for the 2016 Olympics have been dominating public discourse and city planning for more than two years, but now, the latest ranking of the four finalist cities for the games shows Chicago has now slipped into last place.
And then this...
Tokyo Continues to Lead Tight Race: GamesBids.com's BidIndex
Chicago recorded the only BidIndex decline since the last update in November allowing Madrid to leapfrog ahead into third. Both are very close to the leaders and remain important factors in the race. Madrid scored 58.73 (up 0.10) while Chicago tallied 58.37 (down 0.41).
“This is an exceptional race. For 2016, BidIndex hasn’t revealed any clear division between the candidates. It seems that all four bids are equally qualified to come in first – as well as last place in the voting”, explained GamesBids.com Producer Robert Livingstone.
For the previous 2012 Summer Games bid, BidIndex scores clearly illustrated a division between the frontrunners London and Paris (London beat Paris on the final ballot) and also-rans New York and Moscow (both eliminated on early ballots) – reflecting reality.
While hundreds of factors are combined to determine a city’s BidIndex, Chicago’s recent decline could be blamed in part on record-high estimates for sponsorships, especially during the current economic crisis when sports sponsorships are on the decline. This combined with the fact that Chicago is the only candidate without 100% public government guarantees, might make the city a tough choice for the cautious.
Additionally, the recent reshuffling of United States Olympic Committee leadership might leave an IOC member or two feeling alienated in a campaign where personal relationships are extremely powerful. It’s likely that ballots will be won or lost on margins of just one or two votes.