Chicago is hosting the G-8 and NATO summits next year.

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cobbland
cobbland Members Posts: 3,768 ✭✭✭✭✭
edited October 2011 in The Social Lounge
Now I'm worried!

Especially with Albert Wesker as mayor.

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Emanuel seeking private funds to host G-8, Nato summits

Homeland Security picking up most of security tab

By Kristen Mack, Tribune reporter

October 4, 2011
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Mayor Rahm Emanuel has tapped a group of experienced fundraisers to help cash-strapped Chicago come up with money to host the NATO and G-8 summits next spring.

Former Sara Lee Corp. CEO John Bryan will chair a host committee that will lean on private and corporate donors to supplement government resources.

Leslie Fox, who spearheaded Chicago's fundraising for the 1996 Democratic National Convention, will be the group's executive director. And Anne Olaimey, Emanuel's longtime campaign fundraiser, will head the finance committee.

The mayor's office would not say Monday how much it wants to raise for the summits or how it would spend the contributions.

Most of the security costs are expected to be picked up by the U.S. Department of Homeland Security. Private donations could go toward transportation and entertainment for the world leaders and their spouses.

When Georgia hosted the G-8 in 2004, a nonprofit Atlanta-based host committee was set up for "assisting U.S. and state government in planning and executing" the summit. Federal tax forms that the committee filed show it raised a little more than $4 million, but host committee officials said at the time that they raised millions more in in-kind contributions to upgrade infrastructure at a remote beach resort.

Chicago will be the first American city other than Washington to host a NATO gathering. The May 15-22 summit will coincide with a meeting of the Group of Eight industrialized nations.

It will be the first time since 1977 in London that the two organizations held meetings in the same city at the same time.

Last week, Chicago was awarded a $54.6 million federal grant for security and emergency planning.

While the money is to be shared among city, county and state emergency management agencies, Chicago's top emergency planner said the grant will be most useful in planning training exercises to handle security at the simultaneous summits, likely to attract thousands of demonstrators.

Emanuel also turned to private donors — many of them campaign supporters — who raised more than $1 million to bankroll his inauguration. He also secured $5 million from prominent philanthropists to award merit pay to some school principals.

http://www.chicagotribune.com/news/local/ct-met-rahm-emanuel-g8-fundraising-20111004,0,5584430.story

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