Posted Apr 30, 2024, 11:25 PM
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Registered User
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Join Date: Feb 2009
Location: Vancouver
Posts: 22,360
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Wow, how much social housing would this have funded?
Hosting costs for 2026 FIFA World Cup in Vancouver double, may hit $581-million
VANCOUVER
THE CANADIAN PRESS
PUBLISHED 43 MINUTES AGO
FOR SUBSCRIBERS
Organizers of the seven FIFA World Cup soccer matches coming to Vancouver in 2026 say the estimated cost of hosting the event has more than doubled in the last two years.
The latest estimates put the price tag at between $483-million and $581-million, including costs for the city, the province and stadium upgrades.
The province says the event is expected to generate enough revenue to result in a net cost of between $100-million and $145-million.
Documents say the fresh numbers include updated hosting, operating and capital requirements following FIFA site visits, increased inflation assumptions, and provincial costs such as public sector essential services.
The original March 2022 cost estimate for five matches, before Vancouver was chosen as a host, was pegged at up to $260-million....
https://www.theglobeandmail.com/cana...e-may-hit-581/
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