The urban planning and development geek in me says bring it on!... then sit back and watch all the fun for the next ten years!!
Not to mention, the games would be a reliable leverage for federal funds, which Toronto never seems to get its fair share of. I do also have faith that Toronto/Canada would organize more responsibly than many other host cities, that ours would be among the more sustainable of games (going on faith only, mind!). If planned well it could be coordinated with Luminato and TIFF, it would be the summer of Toronto, the city's moment to shine!