Chicago Public Radio has this response from Mayor Daley over Chicago's weak economy:
This is not going to affect taxpayers. This will not affect taxpayers. We've said that a thousand times, we'll say that again. This is a public and private bid process. The federal government gives us money for infrastructure and money for security.
Just days ago Vancouver just got
downgraded by Moody's:
The city's stellar credit rating took another serious hit Tuesday when Moody's Investors Service revised its outlook on the city's Triple A debt rating to Triple A negative.
Saying the revision is directly linked to additional financial risks the city is taking on construction of the Olympic village, Moody's said the "change in outlook also reflects an immediate deterioration in Vancouver's liquidity position, stemming from the city's cash injections into the Olympic village project."
No word yet from Alderman
Ed Burke on any of this.
