Blog

  • Chicago 2016 Olympics Update: “Shocked.” “Surprised.” “Not Happy.”

    Chicago Tribune reports:

    Jim Scherr resigns as head of United States Olympic Committee
    Resignation of USOC chief executive hurts key image of continuity

    “I was disappointed. I don’t think it helps in any way, but I don’t think it damages us,” Chicago 2016 Chairman Patrick Ryan said Thursday. “[But] I was shocked. I’m surprised. Not happy.”

    In the four years before Scherr took over, first as acting CEO and then permanent boss, the USOC had four presidents, four CEOs and four marketing directors.

    The stability since his arrival allowed the USOC and Chicago to establish what both sides called an unprecedented partnership to promote a U.S. bid. Ctvrtlik, the USOC vice president of international relations, has a key role in that partnership.

    Now Chicago must waste time and energy before the Oct. 2 vote for the 2016 host in trying to explain why the USOC once again has an new CEO. Stephanie Streeter of Neenah, Wis., was given the job on an interim basis.

    http://www.chicagotribune.com/sports/chi-06-usoc-jim-scherr-resignatimar06,0,614314.story

    CNN Sports Illustrated takes a look:

    Scherr’s abrupt resignation leaves questions throughout USOC

    sportsillustrated.cnn.com – Brian Cazenue – Inside Olympic Sports

    Jim Scherr’s abrupt resignation as Chief Executive Officer of the U.S. Olympic Committee leaves several questions: Why is he out, what does it mean for the USOC and could his resignation affect Chicago’s chances to land the 2016 Olympics when the IOC awards those Games in October? Is an organization that had righted its ship after years of dysfunction now setting itself up for another era of wayward management or merely adjusting its priorities in a tough economy?

    http://sportsillustrated.cnn.com/2009/writers/brian_cazeneuve/03/06/brian.cazenue/

  • Proposed Illinois Tax Bill Adverse to Boaters Stalled

    National Marine Manufacturers Association (NMMA) press release:

    Proposed Illinois Luxury Tax on Boats Withdrawn From Consideration
    Boating organizations, including NMMA, were prepared to testify

    Chicago, IL

    February 26, 2009 – Today, the Illinois State Legislature’s Revenue and Finance Committee decided not to move forward with HB 451, a bill to impose a five percent luxury tax on vessels sold in Illinois over a purchase price of $200,000. Mark Adams, vice president of sportshows for the National Marine Manufacturers Association (NMMA), along with opponents from six different marine-related organizations and businesses, attended the hearing to testify in opposition to the tax. However, before testimonies could be heard, the committee echoed industry concerns about the tax and withheld a motion to take up the legislation.

    The proposed tax would have had a devastating effect on Illinois’ marine businesses, causing buyers to hold off on buying boats or cross state lines to make purchases. In the early 1990s, a similar national luxury tax on boats was enacted, only to be repealed two years later because the tax cost more to collect than the revenue it earned. The tax also led to 19,000 lay offs, cut boat sales by 40 percent, pushed tax revenue from boat sales to below pre-luxury tax levels and forced several brands of boats into bankruptcy.

    “While we understand Illinois must address its looming budget deficit, we are pleased the committee realizes a counter-productive tax like this one is not the answer,” said David Dickerson, National Marine Manufacturers Association director of state government relations. “Despite assurances from the bill sponsor that similar measures will not be pursued, we will continue to monitor any new legislation moving forward,” Dickerson said.

    National Marine Manufacturers Association (NMMA) is the leading association representing the recreational boating industry. NMMA member companies produce more than 80 percent of the boats, engines, trailers, accessories and gear used by boaters in the United States. The association is dedicated to industry growth through programs in public policy, market research and data, product quality assurance and marketing communications.

  • Northern Trust WAS a Chicago sailboat race sponsor!

    Northern Trust was a past sponsor of the Chicago to Mackinac Sailboat Race and the Verve Cup Regatta.

    Oops! Even after racing in these events, I was unaware of Northern Trust past race sponsorship.

    (Maybe such obscurity is the reason why they no longer participate? It’s a purely speculative observation, but we wonder about such things.)

    We recognize the challenges and hard work involving race sponsorship, and offer our thanks to all race sponsors and volunteers for the efforts that make sailboat racing possible.

    (Of course, you knew that already, so it should go without saying. But we like to say it again anyway.)

  • Northern Trust: Ideal Chicago Sailing Event Sponsor?

    Has anyone approached Northern Trust to sponsor any Chicago sailing events?

    TMZ reports on lavish parties, gifts and entertainment by Northern Trust, after receiving $1.6 billion US government bailout funds and laying off 450 employees.

    http://www.tmz.com/2009/02/24/northern-trust-bank-bailout/

    Sounds like an ideal sponsor!

    In all seriousness, we disagree with the tone of the TMZ article.

    Note that in a capitalist society with economic freedom, private enterprise shall be rewarded for its success. Rather than condemn Northern Trust for its business decisions, responsible news media should be well-advised to identify Northern Trust as a leader in its industry, avoiding the many banking pitfalls that beleaguer our economy today.

    http://news.yahoo.com/s/nm/20090222/bs_nm/us_northerntrust_1

    It is a failure of the government to disburse $1.6 billion in US taxpayer funds to a banking institution which does not require it.

    We support all efforts by individuals and private enterprise to generate their own financial success and wealth, and remain highly skeptical of government interference with market economics.

    Kudos to TMZ for questioning the role of Congress and our federal government in failing their responsibilities to taxpayers.

    Update- some additional thoughts:

    1. Sailboat racing requires a certain level of economic prosperity. Thus, it benefits racing to support policies which promote prosperity, rather than denigrate capitalism and successful private enterprise.

    2. Interestingly, the Northern Trust statement responding to the TMZ article highlights the charitable contributions made to the community.

    Apart from exercising social responsibility, it brings to mind the notion that event promotion supporting charitable efforts often yields greater rewards, both tangible and intangible, than sponsorship based on purely commercial interests.

    Locally in Chicago, it would serve well to find an affluent sponsor to promote sailing to replace the loss of ABN AMRO’s highly visible participation in major local events.

    The growing continued success of Windy City Match Race and the Leukemia Cup regatta demonstrate the value of charitable efforts combined with sailboat racing events.

  • Chicago Tea Party

    Was anyone on the floor during CNBC today?

    http://www.cnbc.com/id/29283701

    http://www.cnbc.com/id/15840232?video=1039849853

    Thank you to all traders taking a stand.

  • Chicago 2016 Olympics Bid links

    Chicago2016.com – “a comprehensive, balanced discussion about the Chicago 2016 Olympic bid.”

    Chicago2016.org – Chicago 2016 Olympic Bid Committee website.

    Citizen Media Law Project – Chicago 2016 v. Frayne – vexatious litigation by US Olympic Committee and Chicago 2016 Olympic bid organization against Chicago2016.com website domain.

    Don’t Give Up The Ship – Chicago Yachting Association and Columbia Yacht Club boating advocacy support for Chicago 2016 Olympics.

    The International Olympic Committee will choose the 2016 Olympics host city on October 2, 2009.

  • Chicago Tribune: Boat owners warned: Don’t make waves over Olympics rowing plan

    Chicago Tribune:

    Boat owners warned: Don’t make waves over Olympics rowing plan

    Yacht club group tells members it fears retaliation from city if they protest proposal for Monroe Harbor

    By Laurie Cohen, Kathy Bergen and David Heinzmann

    Tribune reporters

    February 12, 2009

    Lots of boaters are unhappy with plans to use Monroe Harbor as the rowing venue for the 2016 Olympics should Chicago win the Games, but you won’t hear many complaints.

    The Chicago Yachting Association, an umbrella group for 15 yacht clubs in the Chicago area, has asked members to keep a lid on it, noting in a memo obtained by the Tribune that yacht clubs “are vulnerable to retribution.”

    Mayor Richard Daley’s office and the Chicago Park District have made it clear “that they do not wish to talk about issues that may be confrontational until after October 2009,” according to the memo by an association committee charged with formulating an approach to the city’s Olympic plans.

    City officials say they aren’t trying to stifle dissent before Oct. 2, when the International Olympic Committee, which values popular support, selects a host city. But critics of the bid, from parks activists to concerned taxpayers, believe boosters have worked to suppress public criticism and withhold potentially controversial information.

    The three-year Chicago campaign to win the Summer Games has been a study in how to carefully control the flow of information, with details parceled out only to the extent required to satisfy Olympic officials. The team has cited the intense competition among the finalists, which include Madrid, Rio de Janeiro and Tokyo, as a reason for keeping portions of its playbook private.

    But critics want more information. The bid campaign “is not a very transparent process, and that makes it frustrating for us,” said Peggy Brennan, vice commodore of the historic Columbia Yacht Club, who wants more details on how use of Monroe Harbor as the rowing venue would affect boaters.

    “When taxpayer dollars are involved, you’d like to be a little more transparent on these things,” said Allen Sanderson, who teaches economics at the University of Chicago.

    Now, in formal bid documents due Thursday, Chicago and its rivals had to answer an extensive battery of tough questions from the IOC. The bid team has been saying for months that its book, to be released publicly in Chicago on Friday, will answer many remaining questions.

    But other significant questions that aren’t required to be addressed will continue to go unanswered, including an accounting of donations to fund Chicago’s nearly $60 million effort to win the Games, information that would show who pitched in the most for one of the mayor’s favorite causes.

    Chicago-area residents, while largely supporting the bid, doubt some of the city’s claims. A Tribune poll this month found that many Olympics supporters, as well as a vast majority of those opposed to bringing the Games here, don’t buy Daley’s pledge that private funds would cover nearly all the costs.

    So far, the city hasn’t been quick to own up to the financial risks taxpayers would have to bear. Over time, it became known the city would make a variety of commitments, from a $500 million guarantee against the potential of operating losses to picking up the cost of city services and purchasing the site for an Olympic Village, for ultimate resale to a private developer.

    Visit www.chicagotribune.com to continue reading this article.

    Article:
    http://www.chicagotribune.com/sports/chi-thu-olympics-transparency-20feb12,0,7405895.story

  • T-10 Fleet Gathering at Goose Island – Friday 2/6/2009 6:30PM

    Lou Jacob announces:

    T-10 Fleet Gathering at Goose Island (Clybourn) Friday 2/6 @ 6:30

    A reminder and notice to those who were not on the original Evite invitation:

    T-10 folks, friends, and potential crew are gathering at Goose Island Brew Pub (on Clybourn in Lincoln Park), Chicago tomorrow at 6:30pm.

    It will be a great time to catch up with friends, crew and many of the new potential crew-members who visited the T-10 boot at Strictly Sail!

    If you are interested in racing with the T-10’s this summer, come check it out, remember, you’ve tried the rest now sail with the best!

    We can make you a winner!

  • sailfastchicago.com RSS feed on your Apple iPhone

     

    sailfastchicago.com RSS feed on Apple iPhone

     
    Get sailfastchicago.com updates easily and conveniently on your Apple iPhone:

    1. Use built-in Safari browser or your favorite RSS reader app. We have been using Free RSS Reader with good results. It is a free app you can download from the App Store.

    2. Enter the following link:
    https://www.sailfastchicago.com/site/feed/

    Now you can enjoy fast, easy, convenient updates from sailfastchicago.com!

    We have found that RSS feeds are an excellent way to get mobile updates from all your favorite sites.

  • Lake Michigan Sail Racing Federation- 1st Annual Survey

    Lake Michigan Sail Racing Federation
    1st Annual Survey
    January 26, 2009 – February 7, 2009

    LMSRF has put together a survey to learn what racing boat owners and
    crews want in racing from organizing authorities, ideas on how we can
    grow participation and how we are doing overall. >>>The most important
    message we wish to send is to forward this link to all of your crew
    members, your fleets, and get input from as far and wide across Lake
    Michigan as possible. We can’t emphasize this enough.<<< Results will be tabulated and shared on the LMSRF website for all of us to learn from (G-rated responses only!). We expect to incorporate your thoughts in the 2009 season plans. Thank you, now here's the link and please respond fully. http://www.surveymonkey.com/s.aspx?sm=oVlcxmEdZjcg16hfO70Kzg_3d_3d

    Sincerely,
    Donald Thinschmidt
    LMSRF Commodore