No Games Chicago organizer Tom Tresser made this presentation to the Lake View Citizens' Council on July 20, 2009. For more information, go to http://www.nogameschicago.com.
10. “ Financing is the biggest obstacle,” said Jerry Karlik, a principal at Kargil Development, which has done projects in the South Loop and responded to a bid committee request for expressions of interest in the Olympic Village earlier this year. “There’s going to have to be some sort of assistance: guarantees, tax credits or something. Mr. Karlik, who attended the luncheon, said he figures lenders today won’t finance more than 60% to 70% of a project, compared with 80% to 90% before the recession. “ Someone’s going to have to come to the table to fill the void,” he said.” May 13, 2009
11. ENRON TAUGHT US THAT ANY ENTERPRISE CAN APPEAR PROFITABLE IF YOU HIDE, IGNORE OR BURY EXPENSES.
12. DON’T BE FOOLED BY PROMISES THAT THESE MASSIVE OLYMPIC CONSTRUCTION PROJECTS WON’T BECOME THE TAXPAYER’S BURDEN! Watch the Canadian news report at http://www.youtube.com/watch?v=3MdpUYO1hbI&eurl=http://nogameschicago.com/no/?q=video&feature=player_embedded
13. VANCOUVER’S BOND RATING LOWERED, CITY FACING BANKRUPCY. Watch the video - http://www.youtube.com/watch?v=7MlzsyNh6pk
14. “ Not a dime…” Watch the video - http://www.youtube.com/watch?v=wg0UieW7Rp8
15. WHY ALL THIS SURPISE? THE OLYMPIC CHARTER REQUIRES FINALIST CITIES TO SIGN THE HOST CITY CONTRACT…
16. Download the Olympic Charter, the Host City Contract and other research relating to the impacts of the games on host cities at our web site: http://www.nogameschicago.com
21. [email_address] CALL CITY HALL. CALL YOUR ALDERMEN. “ NO GAMES!” “ NO BLANK CHECK!” “ SUPPORT THE FLORES CAP ORDINANCE.” VISIT OUR WEB SITE. SIGN UP FOR OUR EMAIL NEWSLETTER, TWITTER UPDATES AND FACEBOOK COMMUNITY.