Toronto will also reject an Olympic bid

The Globe and Mail reports public officials don't want be be put at risk for costs and private companies aren't keen on ponying up money, either.

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      Their Op-ed

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      http://www.theglobeandmail.com/globe-debate/editorials/the-2024-toronto-...

      "But how can Toronto, and the whole Greater Toronto Area, waste billions of dollars, while simultaneously finding other billions for what it actually needs but currently can’t afford? Easy. The Olympics, so the theory goes, will allow the region to demand funds beyond counting from the province and the federal government. Toronto will get to have its Olympic cake and eat it too – with the rest of the country’s taxpayers paying for the cake.

      The thing is, Toronto doesn’t need to be a more famous city for two weeks. It needs to be a better city, for the people who live here, for decades to come. The same goes for the whole country."