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No 2020 Olympic bid for US

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The U.S. Olympic Committee has notified all interested cities that

it will not submit a bid to host the 2020 Olympics, a person

familiar with the negotiations told The Associated Press on

Monday.

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Chicago, New York and Dallas were among those that had expressed

interest in putting forth a bid to host the games, but any bid was

contingent upon the USOC working out a long-simmering

revenue-sharing deal with the International Olympic

Committee.

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A person familiar with the negotiations, who did not want his name

revealed because the talks are secret, said the revenue-sharing

issue was not solved and there was no time to field a viable

candidacy.

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Countries have until Sept. 1 to submit the name of possible

candidate cities.

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