CHICAGO 2016 DECISION TO BE MADE TODAY
Todays IOC decision about whether or not to hold the 2016 Olympics in Chicago will have a major impact on the Chicago Real Estate Market, but it doesn't stop there. The impact on Chicago 2016 will affect all the surrounding Chicago markets as well, and it's impact will reach the entire tri-state area including Indiana and Wisconsin.
As an expert in the KENOSHA REAL ESTATE market I am especially excited and anxious to hear about this decision. The lastest real estate recession seems to be coming to an end in the coastal regions of the country, but we are still waiting for some signs of real recovery.
The Olympic Games would directly create some 300,000 jobs in Chicago and generate $22 Billion immediately. Additionally, ancillary providers and businesses would be coming to the area far in advance of the olympics.
If the State Governments of Wisconsin, Illinois and Indiana play this smart they could use the positive attention with some attractive tax incentive programs to attract much needed industry and businesses to the area. When it comes down to it, ita all about jobs.
Looking to Kenosha where half of Kenosha's residents commute to work, this would be an economic boom to the Kenosha Housing Market as well as to commercial real estate in Kenosha. I am expecting with the lower cost of living and better schools, for many people with these newly created jobs, do decide to search for a home in Kenosha rather than Illinois.
So regardless of your political leanings, lets all hope that President Obama (and his de facto Olympic Czar: Oprah Winfrey) is successful in this bid.
Ralph D. Nudi