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Tory meeting with World Expo officials to explore potential 2025 bid

CityNews | posted Monday, Jan 25th, 2016

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Mayor John Tory will be meeting with officials on Monday to explore a potential bid for the 2025 World Expo.

The Paris-based Bureau International des Expositions oversees the world exposition. Its secretary-general, Vicente Gonzalez Loscertales, is holding an information session for the mayor and councillors.

The event is held every five years in a different city. A Toronto Expo would last six months and attract more than 40 million tourists, according to a report in the Globe and Mail.

The cost of holding the event would be between $1-3 billion, but it could generate over $8 billion for the local economy, according to a 2014 Ernst & Young report.

The Toronto Board of Trade will also be holding a panel discussion on the benefits of playing host to such an event.

The last Canadian Expo was held in Vancouver in 1986.

Any formal bid for the Expo would have to be made by November of 2016.

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