This. This is what it comes down to.
Much of my apathy for the Canadian plight for a fourth overall Olympics stems from the hosting of 2010. Had the COC stayed on track and blocked Vancouver 2010, Toronto would have had a watertight case for the Olympics, and probably would have won 2020 against Tokyo, Istanbul and Madrid.
Just quietly, the most tactical thing Toronto could be doing right now is making friends with Denver, Salt Lake or Reno. A Winter Olympics in one of these cities in 2026 or 2030 would open the door to Toronto in the 2030s.