Chicago’s attempt to host the 2016 Olympic Games brought an outpouring of private money, the remainder of which will be diverted to World Sport Chicago, a non-profit arm of the City of Chicago’s Olympic bid delegation.
Soccer Players Posing at the World Sport Chicago 2009 World Cup
World Sport Chicago was founded in connection with the 2016 Olympic bid to promote youth sports programs in Chicago’s parks and public schools.
Chicago 2016, which organized Chicago’s Olympics bid, raised $72.8 million in cash, slightly more than it expected.
The bid team expected to spend all but $13 million in its pursuit of hosting the 31st Olympiad, with the balance going to World Sport Chicago.
That’s higher than the $12.4 million initially anticipated, but far less than what World Sport might have gotten had Chicago been chosen to host the 2016 Summer Olympics and had stayed on budget.
The $225-million profit from the Los Angeles Olympics in 1984 bankrolled LA 84, a similar youth-sport initiative, which continues to operate today.
About World Sport Chicago
World Sport Chicago (WSC) is an Illinois not-for-profit working to enhance the image, awareness and participation in Olympic sports across Chicago and to extend Chicago’s international outreach through and for sport and youth.
Focused on promoting the development of recreational and competitive sport to the area’s youth, WSC works closely with Chicago 2016 and Chicago’s 2016’s Athlete Advisory Council (AAC) to provide sport expertise and athlete insight to the execution of these sporting events.
WSC intends to aid Chicago in developing a sustainable, international sporting legacy as a real agent of social change for the city.
William Scherr, an Olympic medalist in wrestling, is chairman of the board and Scott Myers serves as the executive director.
About Chicago 2016 Olympic Bid Delegation
Chicago 2016 is a 501(c)(3) corporation whose mission was to seek the privilege of hosting the 2016 Olympic and Paralympic Games in Chicago.
The committee’s board consists of business, civic, athletic, cultural and academic leaders representing Chicago and the surrounding Midwest region.
Patrick Ryan serves as the organization’s chairman and CEO.
MEDIA CONTACT:
Chicago 2016 Media Line, +1 312-861-4826
media@chicago2016.org
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