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NATO Summit

Imagine what hosting 2016 Olympics would've cost cash-strapped Chicago

Sometimes the punch to the gut is what saves you, even if you don't realize it immediately. When you're doubled over, the bullet headed for your head whizzes harmlessly past. So it was with Chicago's bid to host the 2016 Olympics. Remember that? The bad news: We didn't get the Games. The good news: We didn't get the Games. Whatever Chicago felt about six years ago when International Olympic Committee voters quickly ousted it from finalist contention, ultimately selecting Rio de Janeiro, imagine if they had actually chosen this city. The legacy of Olympics for hosts is that of unneeded venues, debt and tightly focused short-term economic boosts that are hard...