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Toronto won’t bid

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TORONTO—Mayor John Tory says Toronto will be a great venue for the Olympics one day.

Just not in 2024.

Tory said today that Canada’s largest city is going to stay out of the race for the 2024 Olympics because he felt it wasn’t the best use of the city’s time and energy right now.

“Nobody was rushing forward with their chequebooks,” he noted.

Tory had until today to write a letter to the International Olympic Committee to express interest.

The declared bidders for 2024 include Los Angeles, Paris, Rome, Budapest, Hungary, and Hamburg, Germany.

Toronto declining to bid is good news for L.A. as it becomes the only North American bidder.

The winning city will be chosen in 2017.

Tory began researching the feasibility of a bid after Toronto hosted the Pan Am Games this past summer.

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