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Committee kills idea of Olympic bid but not Expo bid
Full council will now decide whether the city should explore bidding on the 2025 World Expo
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The economic development committee has tossed aside the idea of bidding for the 2024 Olympics.

Councillors on the committee voted unanimously to defer the possibility indefinitely.

But what is still on the table is whether the city should bid for the 2025 Expo. The committee voted to send the staff report on to council for a decision on whether to explore a bid any further.

Speaking with reporters Monday afternoon, mayor Rob Ford said he is against either bid.

"We're not ready for it," mayor Ford says. "Let's concentrate on the PanAm Games, see how we do there. And that hasn't run smoothly at all, as you know."

Ford says the city needs to concentrate on building infrastructure like subways and dealing with the costs of the ice storm cleanup.

Staff estimate that preparing and submitting a formal bid for the 2024 Olympics would have cost $50- to $60-million and hosting the event would have cost $3.3- to $6.9-billion. Submitting a bid for the Expo would cost $10- to $15-million, while hosting the event would cost $1- to $3-billion.

WATCH: What the mayor had to say about bidding for the Olympics or the Expo:

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  1. Frankie posted on 01/20/2014 06:07 PM
    Finally something intelligent from City Hall. Let's hope they'll nix the Olympics bid as well.

    Use the money for subways!
    1. Frankie posted on 01/21/2014 09:36 AM
      @Frankie I meant the Expo bid of course. That'd be another boondoggle.
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2 0

The economic development committee has tossed aside the idea of bidding for the 2024 Olympics.

Councillors on the committee voted unanimously to defer the possibility indefinitely.

But what is still on the table is whether the city should bid for the 2025 Expo. The committee voted to send the staff report on to council for a decision on whether to explore a bid any further.

Speaking with reporters Monday afternoon, mayor Rob Ford said he is against either bid.

"We're not ready for it," mayor Ford says. "Let's concentrate on the PanAm Games, see how we do there. And that hasn't run smoothly at all, as you know."

Ford says the city needs to concentrate on building infrastructure like subways and dealing with the costs of the ice storm cleanup.

Staff estimate that preparing and submitting a formal bid for the 2024 Olympics would have cost $50- to $60-million and hosting the event would have cost $3.3- to $6.9-billion. Submitting a bid for the Expo would cost $10- to $15-million, while hosting the event would cost $1- to $3-billion.

WATCH: What the mayor had to say about bidding for the Olympics or the Expo:

Leave a comment:

showing all comments · Subscribe to comments
  1. Frankie posted on 01/20/2014 06:07 PM
    Finally something intelligent from City Hall. Let's hope they'll nix the Olympics bid as well.

    Use the money for subways!
    1. Frankie posted on 01/21/2014 09:36 AM
      @Frankie I meant the Expo bid of course. That'd be another boondoggle.
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