I was going to be a bit cynical but decided I will stick to facts.
Chicago has announced the final results of GG VII - break even.
Released a few hours ago:
[url=http://www.gaygameschicago.org/media/article.php?aid=175]
http://www.gaygameschicago.org/media/article.php?aid=175[/url]
[Full text below]
[from the GGVII Website]
Chicago's 2006 Gay Games Declared a Financial Success
At one-year anniversary, Chicago closes books on international sports & cultural festival
2007-07-10
One year after Chicago hosted nearly 12,000 sport and cultural participants at
the 2006 Gay Games®, Chicago Games, Inc., (CGI) the host organization for the
event, announced today that it has completed the post-Games fundraising and wind
down process and that the 2006 Gay Games broke even. Such a positive financial
result reverses a 20-year trend, having not been achieved since Gay Games II in
1986. CGI accomplished the result with 2 fewer years planning time than most Gay
Games.
"We are extremely grateful to our many donors, sponsors, volunteers, partners and vendors whose commitment and contributions made
today’s announcement possible," said Tracy Baim, CGI board Co-Vice Chair and
leader of the wind-down efforts. "Each deserves the appreciation of our city and
the worldwide LGBT sports community."
Sponsors and donors are still listed on the Gay Games website.
"We would like to extend special appreciation to partners Dick Uyvari and Joe La
Pat, Chicagoans who significantly funded the 2006 Gay Games international
scholarship program and created a Gay Games matching grant program to assist in
the post-Games fundraising," said Sam Coady, CGI Board Co-Chair.
After a heat wave and other circumstances increased expenses and created the
need for additional fundraising, Uyvari and La Pat donated additional financial
support. Uvyari is a long-time Gay Games supporter, having competed in six of
the seven Gay Games. Other key post-Games donors included Fred Eychaner, Michael
Leppen, and former U.S. Ambassador James Hormel and his partner, Tim Wu.
"We also extend a special thanks to the international Federation of Gay Games
for their significant assistance in ensuring that the 2006 Gay Games finished in
a financially sound position," said Kevin Boyer, CGI Board Co-Vice Chair. The
FGG is the international governing body of the quadrennial sports & cultural
festival. Going forward, the FGG will continue to receive royalties from the
2006 Gay Games DVD, photography-based products and residual commemorative
merchandise sales.
More than 100 other individuals, vendors and partners also added their support
through cash and in-kind donations and expense reductions. The law firm of
Sidley Austin extended its pro bono service, assisting CGI as it wound down
operations and finances. CGI board members Tracy Baim, Suzanne Arnold, Kevin
Boyer, Sam Coady, Kurt Dahl, Eric McCool, Christopher Pries, Renae Ogletree and
David Woody as well as CGI former staff members Liz Valenti, Cathy Seabaugh, and
Rob Smitherman were among those who assisted in the wind-down efforts.
Financial Promises Kept
"In 2003 when we launched the bid to host the 2006 Gay Games, we promised our
local LGBT community, the City of Chicago, and the worldwide LGBT sports
movement that the 2006 Gay Games would break even financially," said Sam Coady.
"We also made the commitment to leave a lasting and positive legacy for future
Gay Games hosts - a sound business model upon which future Gay Games could be
built. We are proud today to have fulfilled those promises."
The Gay Games have always been a boon for the local economy. Nevertheless, the
past three Gay Games host committees lost significant amounts of money,
threatening the future of the quadrennial sports & culture festival. For the
first time ever, the Gay Games also faced a competing LGBT sports event. Held in
Montreal just one week after the Gay Games, that competing event's host
organization ended up losing several million dollars.
Chicago’s business model differentiated itself by dramatically increasing
corporate partnerships, relying significantly upon volunteer professionals and pro bono
services, establishing a sponsored worldwide marketing and media campaign, and
outsourcing non-core elements to third parties.
The 2006 Gay Games themselves contributed $50 to $80 million to the local
economy, with some estimating that another 10 years of positive LGBT tourism
visibility will generate millions more dollars in the long term.
"We promised our community in Chicago that our Gay Games fundraising campaign
would not undercut other important community projects, including the Center on
Halsted," said Suzanne Arnold, Board Co-Chair. "Three-and-one-half-years later,
our beautiful new community center is open and Chicago’s LGBT community is
stronger than ever. Our local LGBT sports organizations are the strongest
they’ve ever been, offering more sports to more people than ever before."
Legacy for Chicago and Cologne
"Looking to the future, we’re proud to have helped inspire our great Mayor
Richard M. Daley to launch a bid for the 2016 Olympic Games®," said Kevin Boyer. "Our experience has
demonstrated that Chicagoans come together in support of great and important
civic endeavors, and we know that almost 3,000 Gay Games-trained volunteers and
400 business sponsors stand ready to help Chicago host the 2016 Olympics."
"At the Gay Games VII Closing Ceremony on July 22, 2006, Chicago passed the
symbols of the Gay Games to Cologne, Germany, the host of the 2010 Gay Games,"
said Tracy Baim. "Today, we give to Cologne an even more important legacy - a
Gay Games movement that is stronger and more vibrant. We look forward to coming
together once again in just three years in celebration of the fundamental
principles of Dr. Tom Waddell and the Gay Games - Participation, Inclusion and
Personal Best. See you in Cologne!"
[END]