< Back to 68k.news CA front page

Vancouver raises estimated cost of hosting 2026 FIFA World Cup games as high as $580M

Original source (on modern site) | Article images: [1] [2]

Preliminary estimates two years ago only went as high as $260. Millions of soccer fans are expected to visit Toronto and Vancouver during the World Cup in 2026

Author of the article:

Bloomberg News

Thomas Seal

Published May 01, 2024  •  Last updated May 02, 2024  •  1 minute read

FIFA lifts the cover, at least partially, on the 2026 FIFA World Cup schedule via a televised reveal from CONCACAF headquarters in Miami. The logo for the 2026 Photo by Jae C. Hong /THE ASSOCIATED PRESS

Canadian officials doubled the estimated costs of hosting seven FIFA World Cup games in Vancouver in 2026 — but they're betting the soccer bonanza will still pay off.

Gross costs are now estimated between $483 million and $581 million, the province of British Columbia said on Tuesday. Preliminary estimates two years ago only went as high as $260 million, with two additional matches and inflation accounting for some of the increase.

Advertisement 2

This advertisement has not loaded yet, but your article continues below.

THIS CONTENT IS RESERVED FOR SUBSCRIBERS

Enjoy the latest local, national and international news.

SUBSCRIBE FOR MORE ARTICLES

Enjoy the latest local, national and international news.

REGISTER / SIGN IN TO UNLOCK MORE ARTICLES

Create an account or sign in to continue with your reading experience.

Article content

Article content

The province expects to offset a lot of those expenses. That includes a $116 million contribution from the federal government and $230 million from a new tax imposed on short-term accommodations. That levy echoes one the Whistler ski resort used to defray expenses for the 2010 Winter Olympics. All in, the province expects its net costs to be no more than $145 million.

The 2026 World Cup will be played in the U.S., Mexico, and Canada. Vancouver said it's the biggest event it's ever hosted. Money will go to upgrading the city's 54,500-capacity BC Place Stadium, built in 1983, as well as for public safety and security, team training sites, decorations, traffic and stadium management.

Officials anticipate their efforts will yield more than $1 billion additional gross domestic product for the province by 2031, with the objective of bringing in an additional million visitors. Income and tourism benefits will depend on which teams are playing, and group matchups won't be known until late 2025.

Vancouver expects 350,000 spectators to visit the stadium, which is owned by the province's B.C. Pavilion Corp., for five group stages and two knockout games, of the tournament's total 104 matches. Another six will be hosted in Toronto, with the rest in the U.S. and Mexico. The city set for the most matches is Dallas, with nine, while New Jersey's MetLife Stadium is scheduled to host the final.

Our website is the place for the latest breaking news, exclusive scoops, longreads and provocative commentary. Please bookmark nationalpost.com and sign up for our daily newsletter, Posted, here.

Article content

< Back to 68k.news CA front page