Illinois Statehouse News followed up this week on the costs Chicago incurred with last month's NATO Summit:
Chicago officials estimate the cost of hosting the event at $55 million, although they say that will be covered by a combination of federal money and private donations. A nonprofit “host committee” — the Chicago NATO Host Committee — was established to handle much of the planning and organization. A report last week in the Chicago Tribune indicated the host committee raised about $33 million from corporate donors for the event.
Among the costs that have been reported in various media accounts: an as-yet unreleased figure for pay and overtime for 3,100 city of Chicago police officers assigned to NATO duty; about $13,600 for the Illinois Emergency Management Agency to have representatives in the area to assist with possible emergencies; $5.8 million for insurance coverage for 46 days leading up to and after the summit; $117,000 in overtime and expenses for the Evanston Police Department; $800,000 for Metra, the city’s commuter rail system, for added security and lost revenue; and $65,000 in lost parking meter revenue.
The rest is HERE.