Monday, January 20th Commentary

Posted By: Dave Agar · 1/20/2014 7:18:00 AM

Olympic bid

Given all the financial problems within the Greater Toronto Area, the thought of submitting a bid for the 2024 Summer Olympics or the 2025 World Expo is rather off-putting don't you think?

We're not entirely sure if next years' Pan Am Games will be done in time and the price tag, which we were originally told was 1.4-billion is closer to 2-and-a-half-billion.  That's not because of cost overruns.  It was because the original number didn't include the cost of the Athletes Village on the lakefront.  But even the 2-and-a-half billion dollar number is probably lowballed.

It would make some sense to use the venues from the Pan Am Games for any Olympic bid we might submit but apparently those venues don't meet Olympic criteria so we'd have to start from scratch.....a job that could cost at least double the Pan Am extravaganza.

The Economic Development Committee of city council meets today to consider a motion on whether to spend a million dollars just to study whether the city should make a bid on the summer games or the World Expo.   A million dollar study...no thank you.

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