The Daley administration agreed Thursday to seek City Council authorization before signing an Olympic host-city contract that amounts to an open-ended guarantee from local taxpayers.
After the host committee lined up an additional layer of private insurance, mayoral press secretary Jacquelyn Heard insisted that Chicago taxpayers would be no more at risk than they were when the City Council agreed to a $500 million Olympic guarantee in March, 2007.
But, she acknowledged that political reality dictates that aldermen take another vote.
"If there are questions or concerns raised by the City Council, of course the mayor would be comfortable with them taking another look," Heard said. Chicago Sun-Times
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