Mayor Bonnie Crombie and her council voted against having "any involvement" with a potential 2024 Summer Olympics bid at its general committee meeting.
"Council unanimously agreed that the impacts on the city and to residents outweighed the benefits of hosting the Games," the city said in a news release.
Toronto has until Sept. 15 to write a letter to the International Olympic Committee expressing interest in launching a bid. While Mayor John Tory has held talks with various leaders, including Ontario Premier Kathleen Wynne, about sending the letter, he has remained noncommittal about sending the letter.
Crombie cited the lack of a comprehensive business case as a reason to not lend Mississauga's support, saying it could put taxpayers at risk.
"Council could not proceed with supporting a Toronto bid to host the 2024 Summer Olympics in such a short timeframe," Crombie said in the news release.
Mississauga hosted the combat events — judo, karate, taekwondo and wrestling — at this summer's Pan and Parapan Am Games.
ALSO ON HUFFPOST: