Everyone knew that cost estimates for Vancouver and Toronto hosting the 2026 FIFA World Cup were wrong and that was before inflation took off. The only question now is by how much?
One possible venue is the as-yet-unbuilt amphitheatre in Hastings Park. .
That’s a $40-million increase before a single construction worker has been hired or shovels have even gone in the ground.Article content Beyond that, there’s been scope creep, although the report doesn’t call it that. Instead, it’s cited as an opportunity to make the site more financially viable for the bargain price of $21 million.
But that’s no different than the initial pitch in June 2021 without all the add-ons including the $21 million price upgrade. Meantime, Toronto’s new mayor, Olivia Chow, is being urged by the Canadian Taxpayers’ Federation to renege on the city’s deal with FIFA. It urged her to instead use that money to either provide more money for housing or keep property taxes down.Article content
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