Chicago Olympics

CHICAGO (AP) -- Officials at the government entity that controls Chicago's McCormick Place plan to help fund the city's 2016 Olympic Games bid with the sale of public assets.

That's according to a report in the Chicago Tribune today.

The newspaper says proceeds would come from the sale of air rights above land near McCormick Place.

The city and the state run the Metropolitan Pier and Exposition Authority, which is known as "McPier" and oversees McCormick Place and Navy Pier. McPier also owns land and air space south of the convention center and along the south shore of Lake Michigan.

McPier chairman Theodore Tetzlaff says his agency is committing its resources to support efforts to make the Olympics in Chicago happen.

The city is competing with Los Angeles to bid on the games. A decision is expected from the U-S Olympic Committee next month.


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