CHICAGO
08/27/2009 05:12 am ET | Updated May 25, 2011

Chicago Olympics Bid Dogged By Recession

On a recent afternoon, Mayor Richard M. Daley delivered his annual speech on the condition of the city he has run for 20 years. Revenues may fall $250 million short. Some city workers must take 15 unpaid days this year, including Mr. Daley. More than 400 workers were laid off that very afternoon, after talks with two unions collapsed.

In the same address, Mr. Daley pressed forward with the city's efforts to host the 2016 Summer Olympics, which carry an expected $3.3 billion price tag.

Read more on New York Times