As reported by Crain’s Chicago Business reporter, Greg Hinz:

Olympic chief admits errors, but promises full disclosure

Posted by Greg H. at 6/22/2009 3:10 PM on Chicago Business

The head of the city’s Olympics bid team Monday conceded that officials intentionally withheld news about a key shift in the city’s Olympics financing scheme so as not to risk landing the 2016 Games.

But, in a damage control press conference, Chicago 2016 Chairman and CEO Patrick Ryan said full details about the risk to tapayers will be presented to the City Council late this summer — and strongly suggested that aldermen would have to give their approval before any final contract is signed.

No Games [Chicago] has been warning the good people of Chicago, the media and our complacent civic watchdog organizations about this for months.

reposted from nogameschicage.com