A third party feasibility study estimates a $1.9 Billion price tag for Toronto, should it hold the 2025 World Exposition.
The report was brought before city council on Friday, presenting a feasibility study between cost & profit for the event.
The study points towards a potential economic boost for the city overshadowing the cost. The price tag currently sits at $1.9 Billion, but the report says it could add as much as $4 Billion in revenue to the GDP.
The space targeted for the expo would be a redeveloped Port Lands, south of the Lakeshore near the DVP.
Supporters of the bid include Toronto Arts Council CEO Claire Hopkinson as well as execs at Facebook.
“We’re excited about backing any event that takes innovation and puts it forward.” said one Facebook Executive. “That’s what expo is. It’s really the intersection of innovation and culture.”
The study was conducted by PricewaterhouseCoopers, and Aurp and Lord Culture Resources.
— Peter Kim (@PeterKimGlobal) October 14, 2016