'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
Judge in Trump's hush money trial threatened to throw witness out of court for behaviour on stand
Michael Cohen testified Monday that he stole tens of thousands of dollars from his ex-boss Donald Trump's company, an admission defence lawyers hope to use to undermine Cohen’s credibility.
What is BORG drinking, and why is it a dangerous trend? An expert explains
If you've been to a party lately and haven't seen someone drinking a BORG, you're likely not partying with college students.
The world's best airline is paying staff a bonus of 8 months' salary
Singapore Airlines will reward its employees with a bonus worth nearly eight months of salary, a person familiar with the matter told CNN on Friday.
Oilers win Game 7 over Canucks, advance to Western Conference Final
The Edmonton Oilers weathered a late Vancouver Canucks charge on Monday night, beating the hosts 3-2 to win their seven-game second-round playoff series in the decisive showdown.
McGill says pro-Palestinian protest outside senior administrator's home 'crosses the line'
McGill University has denounced a pro-Palestinian protest held Sunday outside the home of one of its senior administrators.
Red Lobster probes 'endless shrimp' losses after bankruptcy filing
U.S.-based restaurant chain Red Lobster has filed for Chapter 11 bankruptcy protection in a Florida court after securing $100 million in financing commitments from its existing lenders, the company said on Sunday.
Katy Perry sings goodbye to 'American Idol'
Katy Perry said her goodbyes on 'American Idol' after seven seasons. On Sunday night’s live 'idol' season finale, a medley of Perry's hit songs were performed, including 'Teenage Dream,' 'Dark Horse' and 'California Gurls.'
Microsoft's AI chatbot will 'recall' everything you do on a PC
Microsoft wants laptop users to get so comfortable with its artificial intelligence chatbot that it will remember everything you're doing on your computer and help figure out what you want to do next.
Judge cites error, will reopen sentencing hearing for man who attacked Nancy Pelosi's husband
A federal judge will reopen the sentencing hearing for the man who broke into Nancy Pelosi's San Francisco home and bludgeoned her husband with a hammer after the judge failed to allow him to speak during his court appearance last week.