The Canadian Taxpayers Federation (CTF) is calling on Vancouver’s mayor to release updated cost estimates for hosting the FIFA World Cup games.
Vancouver and Toronto are the two Canadian venues chosen to host matches for the 2026 football tournament, among 16 host cities across the three countries in North America.
Vancouver Costs
In Vancouver, the cost of planning, staging, and hosting the matches was estimated at between $240 million and $260 million in June 2022, when the number of matches to be held in that city were not yet known.The CTF says the provincial and municipal governments have “failed to produce updated cost estimates.”
“They need to stop hiding the numbers and tell taxpayers how much these soccer games are going to cost us,” Mr. Binda said.
The tax was expected to bring in about $230 million in revenue over seven years, to cover the city’s incremental expenses associated with the tournament. That amount included planning, staging, and hosting, but not the B.C. Place Stadium costs, the city said at the time.
A City of Vancouver spokesperson told The Epoch Times in an email that the city had originally budgeted to host five matches but is now planning on hosting seven. The spokesperson said the city will be looking at updating the estimated costs.
“While we’re still in the early stages of analysing the impact of hosting seven matches, we expect to see increased revenue opportunities from commercial partners and match day sales,” the email said.
Toronto Costs
The CTF says that the costs for the FIFA event in Toronto are “spiralling.”This is putting too much burden on taxpayers, Mr. Binda said in the CTF news release.
“Toronto taxpayers can’t afford to pay for soccer games that are almost a hundred million dollars over budget already,” he said. “That’s unacceptable when taxpayers are getting clobbered with higher taxes.”
The City of Toronto told The Epoch Times that the games are expected to raise about $393 million in GDP for the city. It said the province was anticipating $456 million in GDP in relation to the events and the country is expected to see $1.2 billion from the Toronto and Vancouver games combined.
“Staff anticipate that there are areas where savings can be realized as lower-cost alternatives are identified and FIFA requirements are negotiated,” Sharon Bollenbach, Executive Director, World Cup Hosting 2026 said in an email.
The city said it was also expecting to receive financial support from the province and the federal government.
The government of Ontario has already offered $97 million, and is asking for the federal government to offer the same.
The Epoch Times reached out to the City of Toronto but did not hear back by publication time.