Atin Ito First Filipino Community Newspaper in Ontario
Estimated costs of hosting international competition have ballooned to $380M.
The federal government says it will provide $104 million to help Toronto host six matches at the 2026 FIFA World Cup.
The funding for capital and operational expenses was announced Friday morning at Toronto’s BMO Field, where the matches will be held.
“Today is a great day to be a soccer fan in the city of Toronto,” Mayor Olivia Chow said.
Toronto has estimated its portion of hosting the elite international soccer competition will cost $380 million, an increase of $80 million compared to a 2022 forecast.
Chow recently announced new oversight and advisory groups to help prepare for the increasingly costly event.
The provincial government has already committed $97 million in funding. The city will contribute $170 million, Chow said.
Vancouver will also host games, which Canada is co-hosting with the United States and Mexico.
Officials announced Tuesday that hosting seven World Cup games at BC Place Stadium could cost up to $581 million, more than double the estimate from two years ago.
*****
Credit belongs to : www.cbc.ca
