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YASUYOSHI CHIBA via Getty Images
Toronto is considering a bid for the 2024 Olympics -- Mayor John Tory says he's still mulling over the economics of it all. The hard reality is that scholarly research on the economic impact of hosting the Olympics is not encouraging. The vast majority of studies show either no impact or a negative impact.
The September 15 deadline to bid for the 2024 Olympics is a big deal that boosters everywhere are downplaying. In Toronto, they are telling us not to worry, saying it's just a letter -- an "expression of interest" -- and that the letter doesn't mean anything. Elsewhere, no one is saying anything about that date at all. But September 15 is a big deal, and bid cities everywhere should be concerned.
To say that the International Olympic Committee (IOC) "shook things up" with Agenda 2020 is a gross understatement. Agenda 2020 voided and obscured critical sections of the Olympic Charter and the Olympic Games Framework, the IOC's two main documents for how to bid for and host an Olympic Games. It didn't just shake things up. It changed the entire game plan.