'It's absurd': Toronto taxpayers face even-bigger bill as FIFA World Cup costs climb
Toronto’s cost of hosting the 2026 FIFA World Cup continues to climb, with the latest price tag hitting $380 million -- $80 million more than the estimate in place when the city was named a host two years ago.
“For me, it's important that we are transparent, that we are realistic,” Mayor Olivia Chow responded Monday from Ottawa. “No one anticipated the rate of inflation of today.”
- Download our app to get local alerts on your device
- Get the latest local updates right to your inbox
Inflationary uncertainty is among the factors cited by city staff in the latest cost estimate, along with updated price estimates, vendor quotes, and safety and security requirements.
Moreover, Toronto was awarded six games as part of the joint bid with 15 other cities – one more match than officials here had accounted for.
“It’s unfortunate that it's gone up,” Deputy Mayor Mike Colle told CTV News Toronto Monday. “But I think [the tournament] is a positive contribution to this city, and we're putting this city on the world map.”
Toronto will host the first-ever FIFA World Cup game in Canada, featuring Team Canada’s opening match, on June 12, 2026. Toronto city staff began reviewing planning assumptions and cost estimates earlier this month when the official match schedule was released.
- READ MORE: 2026 FIFA World Cup Toronto match schedule
“It’s absurd,” Toronto Councillor Josh Matlow said Monday. “The agreement that [former Mayor] John Tory oversaw didn't just drop the ball. He scored on his own goal. The amount of money that Toronto is putting into this, versus other levels of government, is embarrassing.”
The province has pledged $97 million toward Toronto’s hosting costs, and while the federal government has committed to support the city, the funding is still being finalized.
“The economic benefit is the real piece here,” Toronto Budget Chief Shelley Carroll said Monday. “There’s a sort of unquantifiable benefit to putting on one of these events. and putting the city on the world stage.”
Previous staff estimates pegged the gross domestic product benefit of the tournament as $392 million to Toronto, along with $456 million to the province.
BMO Field in Toronto is pictured on Wednesday, June 13, 2018. THE CANADIAN PRESS/Christopher Katsaro
“The reality is we can't pay our bills on the GDP,” Toronto Councillor Brad Bradford said. “It will be the provincial and the federal government that will be the large benefactors of that additional revenue spent over the course of World Cup.”
“I think we've got to find a way of, you know, mitigating this impact by getting help from our [government] partners,” Colle said.
City staff, meanwhile, have floated the idea of directing revenue from the municipal hotel tax to the World Cup bill, and also intend to explore private-sector sponsorships.
The City has already allotted more than $65 million toward design and upgrades at BMO Field, where the matches will be held, along with $34 million for the training fields and facilities at Centennial Park.
CTVNews.ca Top Stories
Chants of 'shame on you' greet guests arriving for the annual White House correspondents' dinner
An election-year roast of U.S. President Joe Biden before journalists, celebrities and politicians at the annual White House correspondents' dinner Saturday.
What is a 'halal mortgage'? Does it make housing more accessible?
The 2024 federal budget announced on April 16 included plans to introduce “halal mortgages” as a way to increase access to home ownership.
Here's where Canadians are living abroad: report
A recent report sheds light on Canadians living abroad--estimated at around four million people in 2016—and the public policies that impact them.
Deadly six-vehicle crash on Highway 400 sparked by road rage incident
One person was killed in a six-vehicle crash on Highway 400 in Innisfil Friday evening.
Opinion I just don't get Taylor Swift
It's one thing to say you like Taylor Swift and her music, but don't blame CNN's AJ Willingham's when she says she just 'doesn't get' the global phenomenon.
Invasive and toxic hammerhead worms make themselves at home in Ontario
Ontario is now home to an invasive and toxic worm species that can grow up to three feet long and can be dangerous to small animals and pets.
Harvey Weinstein hospitalized after return to New York from upstate prison
Harvey Weinstein’s lawyer said Saturday that the onetime movie mogul has been hospitalized for a battery of tests after his return to New York City following an appeals court ruling nullifying his 2020 rape conviction.
'We are declaring our readiness': No decision made yet as Poland declares it's ready to host nuclear weapons
Polish President Andrzej Duda says while no decision has been made around whether Poland will host nuclear weapons as part of an expansion of the NATO alliance’s nuclear sharing program, his country is willing and prepared to do so.
Central Alberta queer groups react to request from Red Deer-South to reinstate Jennifer Johnson to UCP caucus
A number of LGBQT+2s groups in Central Alberta are pushing back against a request from the Red Deer South UCP constituency to reinstate MLA Jennifer Johnson into the UCP caucus.