After 20 years of
losing money, the Gay Games has finally broken even. In
a statement released Tuesday, Chicago Games Inc. announced
that the costs of the games have been offset.
"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," Chicago Games
Inc. cochair Sam Coady said in the statement. "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."
sponsors of the competition included The New York
Times, law firm Sidley Austin, PlanetOut Inc.
(parent company of The Advocate), Gatorade, and
Ernst & Young.
The 2006 event
saw 11,750 athletes from 50 countries competing in dozens
of sports. The next Gay Games will be in Cologne, Germany,
in 2010. (The Advocate)