News   Nov 22, 2024
National Housing Day: City of Toronto and Riverdale Co-op Open Affordable Homes
 585     1 
News   Nov 22, 2024
Bauhaus Condos Rising in Toronto's Old Town
 1K     5 
News   Nov 22, 2024
49-Storey Waterfront Tower Proposed at Spadina and Queens Quay
 2.8K     8 

Canadian Soccer Association to bid for 2026 World Cup

With news that the tournament is expected to increase from 80 matches - we will probably see 2/3 more games in Canada.
 
Much more to the point: When you vote to host the World Cup in your city, you vote to get ripped off. Period. The basic agreement is cities pay to host, FIFA keeps almost all the money, take it or leave it. This isn’t secret information. Cities like Montreal, Minneapolis, Chicago (headquarters of the U.S. Soccer Federation) and Phoenix left it, declining to be part of the 2026 bid. Toronto took it, knowing it was in a huge budget hole, and without any guarantee of provincial or federal support. Once councillors approved the plan, all that remained to be determined were the precise details of the swindle.

Meanwhile in Vancouver, the projected budget is $260 million for as many as five World Cup games. It’s an only slightly less outrageous cost than Toronto’s. But on the bright side, unlike Toronto, Vancouver actually has a plan to pay the tab: A temporary hotel tax, which is supposed to raise $230 million between now and 2030.
Click to expand...

https://nationalpost.com/opinion/world-cup-swindle-was-always-plain-to-see
 

Hosting 6 FIFA World Cup matches estimated to cost Toronto nearly $380M, new report finds​


When Toronto first pitched the games in 2018, a city report estimated the cost at between $30 million and $45 million. Later in 2022, those cost projections would balloon to about $300 million. But in a report released Monday, city staff now estimate the hit to taxpayers will run about $380 million.
Click to expand...

 
According to this report from the CBC ( www.cbc.ca/news/canada/toronto/fifa-toronto-cost-increase-1.7145284 ) Toronto City Councilors will seek to dig a little deeper into the latest report showing costs escalating into the neighbourhood of CDN$380M - a number that is sure to be far from final. As the cost estimations started out less then CDN$100M, I think anyone would be foolish to believe this latest figure will be close to the final tally reached post tournament. It will be interesting to see how this latest meeting will go. It would be also interesting to know what penalty clauses there may be in any agreement to host, should the city decide that six games for a number in excess of $500M is excessive.
 
Is it me or does anyone else feel that the city is unprepared for the World Cup? Seems like they are treating it like another summer cultural festival/celebration than a major international event. Considering traffic alone, I cannot fathom how the city is going to deal with the influx of visitors when it can't even get a grasp on daily congestion; Toronto Transportation shrugs its shoulders and hopes drivers are more courteous and TPS says its too low priority for them to enforce traffic laws.

https://www.thestar.com/news/gta/we...cle_d58597d8-fb75-11ee-97b3-1f235d9616cf.html
City staff have predicted the investment in the games could have positive spinoffs that range from new recreation facilities to helping launch a pro women’s soccer team, from encouraging sport participation to advancing Toronto’s anti-racism and climate goals.
But while it’s been six years since Toronto signed on to the North American World Cup bid and two years since FIFA officially selected it as a host, city staff told council in February that the “journey” to develop community benefit and legacy strategies was “just beginning.”
Meanwhile, in the past two years the city has locked itself into important contracts to deliver the games, including a hosting arrangement with Maple Leaf Sports & Entertainment, and a $37-million award for a temporary expansion of BMO Field.
Asked whether the city signing those deals without first finalizing a community benefit plan was indication Toronto is treating the event’s legacy as an afterthought, director of the World Cup secretariat Sharon Bollenbach said in a statement that staff have been “diligently” following council’s directives for the event.
Click to expand...

https://www.thestar.com/news/gta/dr...cle_efd9dda8-f835-11ee-882d-f7ad674d8546.html
 
The Feds kicking in 104M for Toronto's FIFA bill:


That leaves the expense breakdown thus:

1714749148659.png
 
You must log in or register to post here.

Back
Top