A privately-funded review of hosting Expo 2025 in Toronto says the benefits outweighs the costs.
Council in June voted to have Pricewaterhouse Coopers look into what it would take to host the event, which would need support from all levels of government
The report will be released in full next week, but the financial aspects were presented to reporters on Friday.
It estimates that the cost of staging the Expo would be $1.91-billion, billions less than it ended up costing in Milan this year.
The report claims that the event could deliver a $4.37-billion boost to the national GDP, lead to direct revenues from ticket sales and sponsorships of $1.65-billion, produce more than 50-thousand person-years of employment, and build 1,000 units of affodable housing.
City staff are going over the numbers and will prepare a response for the next executive committee meeting in two weeks.
Mayor John Tory has not yet had a strong opinion on the bid.
“The feasibility study performed by outside consultants is being peer reviewed by city staff who will present their response and recommendations to Executive Committee later this month," mayor Tory's office writes in a statement to NEWSTALK 1010. "The Mayor will review this report and staff recommendations and decide with his Council colleagues whether this investment is in the best interests of Toronto residents.”