From Canadian Cyclist: http://canadiancyclist.com/dailynews.php?id=17819

Cycling will be a part of the Games, with BMX, Road, Mountain Bike and Track all part of the submitted bid. The total cost for the bid is set at $2.4 billion, including the Athlete Village. This winning bid means that southern Ontario is scheduled to receive a velodrome, with Hamilton Region the stated location - however, that is still not set in stone. Our understanding is that the bid included a budget of $11.4 million for a velodrome, which is very much on the low side for a permanent, world-class facility. The Road and BMX events will take place in Toronto (with a permanent BMX track to be built), and Mountain Bike at Hardwood Hills, north of Barrie. Also, the bid does not include any cycling disciplines for the Parapan (Paralympic) Games that will immediately follow the Pan Am Games.