The City of Toronto will study the possibility of hosting the 2024 Summer Olympic Games.

Coun. Denzil Minnan-Wong, an ally of Mayor Rob Ford, introduced a motion Friday to ask city staff to outline the pros and cons of hosting the Games. 

Council voted in favour of the motion, which came as an amendment to another motion moved by Coun. Kristyn Wong-Tam to study the possibility a World Expo 2025 bid in the Greater Toronto Area. The mayor, who didn't want to bid for the 2020 Games, voted in favour of Minnan-Wong's motion.

As a result, city staff will submit two separate reports to the city's economic development and culture committee in March 2013 — one on the Olympic bid and the other on the Expo bid.

"I think an Olympics would be great for the City of Toronto. I think it would be tremendous for the spirit of the City of Toronto," Minnan-Wong said in an interview on CBC's Here and Now.

The councillor said it "makes sense" to at least consider making bids for both Expo 2025 and the Olympics.

"The benefits are massive, not only in terms of economic investment, the jobs that are created, but also the infrastructure that would be created," he said.

Toronto tried twice before to land the Games in recent years — but lost out to Atlanta for the 1996 Games and Beijing for the 2008 Games.

"I think we're due," Minnan-Wong said.

The winning bid for the 2024 Games will be announced in 2017.