Only a major sports competition Olympic 2016
With the hosts of the 2016 Olympics to be selected in Copenhagen on Friday, each of the four candidates will be hoping to secure not only a major sports competition, but also an economic windfall.
Chicago, Madrid, Rio de Janeiro and Tokyo will be hoping their economies strike gold as the best athletes in the world visit their city.
Thousands of tourists will visit the host city and hotels will be filled, while millions will be spent on tickets, consumer goods and souvenirs.
Winning the Olympic Games could also kick-start other economic sectors, including construction, finance, culture, exhibitions and sports.
The vote in Copenhagen was carried on huge television screens in the Daley Center, set up to carry what many had hoped would be approval of Chicago to host the games.
Instead, Chicago was bounced in the first round of voting Friday, bringing an audible gasp heard from the crowd.
The city was eliminated so quickly that some of the would-be revelers weren't sure what had happened. Some started asking if they had heard what they thought they heard.
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