It may be blasphemous for a Downstate Republican, but I love Chicago. The City itself is a wonderful place to visit, with so many things to do and see (and it's home to the greatest football team in the world...).
Chicago is making a bid for the 2016 Olympic Games, and planning big infrastructure improvements if Chicago is selected as the host city.
--A temporary stadium at Washington Park, the lynchpin for the Games, has reduced in size, while cost estimates have risen. The plan now calls for 80,000 seats, rather than 95,000, to trim costs. This is estimated to cost $316 million.
-- After the stadium is dismantled, another $50 million will be spent to construct a lasting amphitheater in Washington Park. The facility, for cultural and sporting events, will seat 5,000, down from the 10,000 originally planned.
-- The combined cost of the temporary stadium and the amphitheater, $366 million, is up from earlier estimates of $300 million to $320 million. A nationally known contractor has committed to build it for that amount, adjusted for inflation, though ultimately the project will go out for bid.
Chicago2016.org has little more information, and is missing the great renderings that the Tribune article has, including some dramatic facilities on the lakefront. There were rumors for a while that some UIUC facilities might be used for a Chicago Olympics - I don't know if that's still the plan.
Now there is certainly some merit to debating whether projects like these (or even hosting the Olympics at all) are worthwhile. Regardless, this is an ambitious project, and one that, if successful, will have a huge impact on Illinois (and yes, even Downstate.)