Proponents of Toronto’s bid for the 2024 Summer Olympics and Paralympics will have to quell serious concerns about launching a campaign after the head of the city’s Budget Committee expressed his fears about the possible cost.
Canada’s largest city has become a late contender to bid, for what would be the country’s first Summer Olympics since Montreal 1976, following the success of the Pan American Games in July, an event widely praised.
Canadian Olympic Committee (COC) President Marcel Aubut has led the calls for a 2024 bid to be launched, with Toronto Mayor John Tory among seeming to back the idea.
Problems experienced by United States contender Boston appeared to help its cause as Toronto positioned itself to become the leading North American contender.
With a over a month now having passed since the end of the Pan American Games, however, and a seemingly much stronger bid from Los Angeles as a replacement for Boston, enthusiasm appears to have now waned.
“I’m taking a cautious step back now and looking at the numbers very carefully,” Budget Committee head Gary Crawford said.
“There are a lot of unanswered questions at the moment that need to be answered: ‘Who’s going to be paying for the bid – CAD $50 million (£26 million/$37 million/€33 million) to CAD $60 million (£29 million/$49 million/€45 million)?
“Where’s the support from the Provincial [and] Federal Governments, that’s an absolute key necessity, and where the private sector is?
“Everyone is being very cautious about moving forward and they’re not sure.”