Advertisement

Toronto council approves next steps to define funding, partnership for FIFA World Cup 2026

Click to play video: 'How much will Toronto pay to host FIFA 2026 matches?' How much will Toronto pay to host FIFA 2026 matches?
WATCH ABOVE: How much will Toronto pay to host FIFA 2026 matches? Brittany Rosen reports – Jun 17, 2022

Toronto city council says it has authorized next steps to solidify partnership and funding agreements between all levels of government and Canada Soccer ahead of the FIFA World Cup 2026.

Following council approval, the City said its moving to execute a “multi-party” agreement with the Ontario and federal governments to ensure necessary financial support for Toronto as one of the host cities for the tournament.

Council also approved a city secretariat to coordinate Toronto’s hosting activities and related financial support.

Toronto city officials said the world cup in 2026 is expected to create 3,300 jobs, book 292,000 visitor room nights, generate projected Municipal Accommodation Tax (MAT) revenues of $3.5 million and generate $307 million in GDP for Toronto.

Read more: Toronto, Vancouver among cities selected to host 2026 FIFA World Cup

Story continues below advertisement

In mid-June, Toronto was selected by FIFA to be one of the host cities for the men’s 2026 World Cup tournament hosted by North American countries Canada, U.S. and Mexico. Vancouver was the only other Canadian city to be chosen as Edmonton was left out.

The expanded 48-team tournament will see games played in 16 cities including Toronto, Vancouver, Seattle, San Francisco, Los Angeles, Kansas City, Dallas, Atlanta, Houston, Boston, Philadelphia, Miami, New York/New Jersey, Mexico City, Monterrey and Guadalajara.

Read more: Cost estimates for Toronto to host 5 World Cup matches go up: city staff

Toronto will host multiple matches at BMO Field and a major fan festival across the city for the duration of the 32-day tournament, officials said.

The city said the total cost for the five matches is anticipated to be around $300 million, projecting that figure in 2026 dollars as it includes inflation and a 10 per cent contingency.

Exact dates for games in Toronto will be determined later on.

“We will be ready to welcome the world to Toronto for the FIFA World Cup 2026,” Toronto mayor John Tory said. “Now our staff can begin the important work engaging with our partners to prepare for this global event and secure sponsorships and partnerships to help support this event.”

Story continues below advertisement

Sponsored content