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, 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 Games, on top of a 150-thousand dollar application fee.
But Forsyth says the new rules may have changed the application process, but not the related expenses.
Comments