until the 2016 Summer Olympics host city is announced on Oct. 2

Chicago ups insurance by $500 million

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LAUSANNE, Switzerland -- Chicago has come up with an additional $500 million in private insurance, clearing the way for Mayor Richard M. Daley to sign the host city contract if the city is awarded the 2016 Olympics.
Chicago announced the development Wednesday during a presentation to members of the International Olympic Committee, a key test ahead of the final vote in Copenhagen on Oct. 2.

USA Today report

 

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