Word: ioc
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Dates: during 2000-2009
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...time to light the Olympic Torch in a tropical country," Brazilian President Luiz In�cio Lula da Silva told the International Olympic Committee (IOC) as it gathered in Copenhagen to select a site for the 2016 Summer Olympics. "It is Brazil's time." The IOC agreed. On Oct. 2, Rio de Janeiro beat out First World metropolises Madrid, Tokyo and Chicago to become the first South American city to host the Games--sparking a deafening celebration on Copacabana Beach to rival the city's annual Carnaval bacchanal...
Chicago learns its Olympic fate on Oct. 2, when members of the International Olympic Committee (IOC) meet in Copenhagen to award the 2016 Games. Madrid, Rio de Janeiro and Tokyo are the other contenders, and boosters say the Second City has a fighting chance. First, it offers a compact proposal: about 90% of the athletes would compete within a 15-minute drive of the proposed Olympic Village site, not far from Chicago's downtown. Many events would take place in city parks, and most new facilities - including the 80,000-seat Olympic Stadium, scheduled for the South Side's Washington...
...prosperous, it's about brainpower, not block parties," says Tom Tresser, an organizer for the opposition group No Games Chicago. Though Mayor Richard Daley has promised that local taxpayers wouldn't pay a dime of the Games' estimated $4.8 billion cost, he's also signed an agreement with the IOC that puts the city on the hook for any excessive cost overruns - an Olympic tradition as common as crying. London, the 2012 host, is already on pace to spend more than $13 billion, nearly triple its original budget...
Such Olympian angst may be moot. IOC insiders believe Rio's bid is gaining favor (South America has never hosted an Olympics). Around the Rings, an American publication that exclusively covers the Olympic movement, tagged Rio as the favorite in its final ?Power Index? ahead of decision day. ?Rio has been able to deliver an emotional edge to its appeal that other bids haven?t matched,? says Around the Rings editor Ed Hula. Perhaps the President can up the ante. After insisting that health care business would prevent him from trekking to Copenhagen to personally lobby...
...story was updated to reflect President Obama's decision to fly to Copenhagen to lobby the IOC on Chicago's behalf...