WGN reports Chicago 2016 is taking out $500 million worth of insurance so that tax payers won’t have to cover the costs of the 2016 Summer Olympic Games.
Chicago 2016 CEO Pat Ryan said the money would be paid out first should something go wrong with the Olympics, but added that Chicago 2016 plans on doing their job and doesn’t plan on using the insurance or any of tax payers’ money to pay for the Games.
Things insured include emergencies such as a pandemic, or any act of terrorism that would happen during the Games, reports WGN.
