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Hosting the Olympics would cost billions, and bidding alone carries a price tag of $50 million or more

Canadian Taxpayers Federation Calls for Transparency around Possible 2024 Olympic Bid


TORONTO, ON: The Canadian Taxpayers Federation (CTF) is calling on Mayor John Tory and Premier Kathleen Wynne to end the secrecy around plans for Toronto to bid on the 2024 Olympic Games. To date, not even basic details about Toronto’s possible bid are available. The Canadian Olympic Committee has offered to pay the $150,000 application fee, but there are no details about where the rest of the money for a bid will come from. The price tag for bidding alone is between $50 million and $60 million.
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