Toronto will not place a bid to host the 2020 Summer Olympics, according to Councillor Doug Ford, despite previous interest in luring the international event into the city.
Ford, whose brother, and Toronto Mayor, Rob Ford was elected on a platform of fiscal reform in the city, has stated that he does not want the taxpayers to foot the bill for the bid, despite assurances that that would not be the case.
A formal bid had not been approved, but Councillor Ford, in no uncertain terms, said that he would not back one if it were created. A bid requires the approval of the municipal government as well as the domestic Olympic committee, in this case the Canadian Olympic Committee.
Toronto, who was amongst the finalists for both the 1996 and 2008 Olympics will, however, be hosting the 2015 Pan-Am games.
Amongst the cities who have expressed interest in hosting the 2020 games are Rome, Madrid and Tokyo. The International Olympic Committee will announce their final decision on September 7, 2013.