According to the president of the IOC (International Olympic Committee), if they were out to make money off the Olympic games they would have chosen Chicago in the bid for the 2016 games.
President Jacques Rogge said that the choice for Rio to host the 2016 Olympic games had nothing to do with money, and if it did then the committee would have chosen Chicago in the bid for a host city:
“If we had thought about how to make a lot of money we would have chosen Chicago,” Rogge said as the body would down the Olympic movement’s XIIIth congress. Money is not what drives IOC members when it comes to choosing a host city.”
Even with Barack, Michelle, and Oprah there for the presentation, Chicago was unable to gain the bid to host the Olympic games, instead Rio will become the first ever South American city to stage the prestigious games.
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