In a shocker of monumental proportions, Chicago was eliminated in the first round of voting for the rights to host the 2016 Olympic Games. Nobody expected the vote at all. In fact, the result was so surprising that there was no reaction frolm the crowd at all upon announcement. Just stunned silence.
What does this mean to Barack Obama who made the trip to Stockholm to present for the bid? It is definitely a blow to the United States as well as Chicago. It means a major loss of economic impact. Chicago was counting on over 4.5 billion in economic impact from the Olympic Games. Estimates are the Olympics are worth 14 Super Bowls to put it in perspective.
Tokyo was eliminated as well leaving only Rio de Janeiro, Brazil and Madrid, Spain as the final two for the 2016 Olympics. The final decision will be announced later today with Brazil being the heavy heavy favorites.