TORONTO CAN HOST 2008 GAMES FOR.....THREE BILLION DOLLARS!

          It will cost the city of Toronto C$2.9B to host the
     2008 Summer Olympics, according to Van Alphen & Byers of the
     TORONTO STAR.  But bid officials will introduce today a
     "preliminary budget that suggests" the city could come out
     with a C$100M surplus to "go along with a legacy of athletic
     facilities and a rejuvenated waterfront."  The surplus
     "could balloon to" C$400M if "spending on venues is less"
     than initial projections.  A source said the Toronto 2008
     budget will detail C$2B in operating costs and another
     C$400-700M for new stadiums and other facilities for the
     two-week event.  But projections will show C$3B in revenues,
     leaving a "substantial surplus" (TORONTO STAR, 8/12).
          CATCHING UP WITH MITT: SLOC President & CEO Mitt Romney
     said that the organizations' new deal with IMG (see THE
     DAILY, 4/22) has resulted in a "pipeline" of potential
     sponsors to support the 2002 Games.  Romney hopes to "name
     an average of two new sponsors, suppliers or contributors
     monthly until Games time" (SALT LAKE TRIBUNE, 8/12).