Despite IOC claims of cost-saving, Toronto Olympic bid could top 50 million

Global News

TORONTO – International Olympic Committee officials are boasting that new rules make both hosting and bidding for the Games less expensive — but at least one expert disputes those claims.

Janice Forsyth, director of the International Centre for Olympic Studies at the University of Western Ontario, says a bid alone will likely cost more than 50-million dollars, much of it from the public purse.

Toronto is considering whether to bid for the 2024 Summer Games, and Mayor John Tory has said he won’t decide until preliminary figures from this summer’s Pan Am and Parapan Am Games are released.

READ MORE: Toronto mayor ‘nowhere near’ decision on whether to bid for 2024 Olympics

The deadline for cities to register their interest with the I-O-C is September 15th and the Canadian Olympic Committee wants Toronto to apply.

A municipal study previously estimated it would cost about 50-million for the bid for the…

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