While it would have been fun for the US to host another Olympic Games - and especially Chicago with its diversity, Lake Michigan beaches, and famed sporting culture -- it was just not meant to be.
The IOC had released an earlier report criticizing aspects of Chicago's bid -- but a first round elimination was shocking to say the least. You can dissect this decision in many ways. What went wrong? and did Rio get the games because there have been no Olympic Games on the South American continent.
I'm sure there are going to be a number of wild and wacky theories as to how the decision was arrived at in Copenhagen on October 2nd, 2009 - so let me just suggest one theory based on our expertise: facial hair.
Basically - President Lula (his full name is: Luiz Inacio Lula da Silva), who is the President of Brazil and will be organizing not only the Olympic Games in 2016 in Rio, but they also have the World Cup in 2014 -- he's got a beard.
Yup - that's it, he's got a nice, beard that sent a message that "We are unique, welcoming, diverse and you don't have to read that in some fancy brochure - you can tell that just by looking at my beard"
Click here to see a picture of his beard
So I have a tip for countries preparing for the 2020 bid - grow a beard!