{"id":7805,"date":"2022-07-06T05:21:50","date_gmt":"2022-07-06T09:21:50","guid":{"rendered":"https:\/\/www.betting.ca\/news\/?p=7805"},"modified":"2022-07-06T05:21:52","modified_gmt":"2022-07-06T09:21:52","slug":"torontos-budget-to-host-2026-fifa-world-cup-rises-due-to-inflation","status":"publish","type":"post","link":"https:\/\/www.betting.ca\/news\/torontos-budget-to-host-2026-fifa-world-cup-rises-due-to-inflation","title":{"rendered":"Toronto\u2019s Budget To Host 2026 FIFA World Cup  Rises Due To Inflation"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.betting.ca\/news\/wp-content\/uploads\/sites\/2\/2022\/07\/toronto-named-a-host-city-for-2026-fifa-world-cup.jpg\" alt=\"Toronto named a host city for 2026 FIFA World Cup\" class=\"wp-image-7809\" width=\"285\" height=\"188\" title=\"Toronto\u2019s Budget To Host 2026 FIFA World Cup  Rises Due To Inflation\"\/><\/figure>\n<\/div>\n\n\n<p><strong>Summary<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>USA, Canada and Mexico will co-host the 2026 FIFA World Cup<\/li><li>Toronto is expected to host 5 World Cup games<\/li><li>The price tag to host these games has skyrocketed by $10 million due to inflation&nbsp;<\/li><\/ul>\n\n\n\n<p>While the football world gets ready for the <strong><a href=\"https:\/\/www.betting.ca\/soccer\">2022 World Cup<\/a><\/strong> which starts in November in Qatar, UAE, the United States, Canada and Mexico have their work cut out as they make plans for the 2026 FIFA World Cup.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.betting.ca\/news\/will-eyebrows-be-raised-about-2026-fifa-world-cup\">The United States, Canada and Mexico will co-host the 2026 World Cup<\/a> and America will host the bulk of the games, including the semis and final. Canada will also be abuzz with activity as T<strong>oronto and Vancouver are set to each host 5 World Cup games<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"torontos-budget-increases-by-10-million\"><strong>Toronto\u2019s Budget Increases By $10 Million<\/strong><\/h2>\n\n\n\n<p>Toronto has a lot of work to do in the next four years as they prepare to hit FIFA World Cup standards to host their set of 5 games. Toronto was initially expecting to spend around $290 million to host these 5 games but market analysts predict that <strong>Toronto will have to increase their budget by $10 million due to inflation costs, which brings it to a spend of over $300 million<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"MAJOR Goal FOR TORONTO: FIFA taps city as one of the hosts for World Cup 2026\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/nCKpXHEqZJ8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>The Canadian federal government and provincial government will absorb nearly two-thirds of the overall cost while the remaining amount will be paid by the <a href=\"https:\/\/www.toronto.ca\">City of Toronto<\/a>. The way things as of now, it looks like the City of Toronto will have to pay close to $90 million. However, if we take into consideration the rising inflation costs during the next couple of years the overall amount might get even bigger!<\/p>\n\n\n\n<p>The first step in getting the finances approved is to get the City of Toronto, the federal and provincial governments to sign on a multi-party consensus.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"multiple-stadiums-need-upgrades\"><strong>Multiple Stadiums Need Upgrades<\/strong><\/h2>\n\n\n\n<p><strong>Sunnybrook, BMO Field and Centennial Park<\/strong> will play host to these world cup games in Toronto. All three stadiums will need to be upgraded in order to meet FIFA regulations. <a href=\"https:\/\/www.bmofield.com\/events\/fifa26\">BMO Field<\/a> has to increase their seating capacity by 10,000 to meet the minimum 40,000 seats regulation by FIFA.<\/p>\n\n\n\n<p>Centennial Park and Sunnybrook will need to spend a combined $15 million to complete their upgrades before they get approval from FIFA. While residents in Toronto are excited to host these 5 world cup games, Gord Perks council for the City of Toronto said it would have been <strong>more beneficial if Toronto did not host the games and instead used the $10 million to develop affordable housing for the locals<\/strong>.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Summary USA, Canada and Mexico will co-host the 2026 FIFA World Cup Toronto is expected to host 5 World Cup games The price tag to host these games has skyrocketed by $10 million due to inflation&nbsp; While the football world gets ready for the 2022 World Cup which starts in November in Qatar, UAE, the [&hellip;]","protected":false},"author":9,"featured_media":7809,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3,17,6,8,9],"tags":[],"class_list":["post-7805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-canada","category-soccer","category-sports","category-usa","category-world"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Toronto\u2019s Budget To Host 2026 FIFA World Cup Rises Due To Inflation<\/title>\n<meta name=\"description\" content=\"Toronto has a lot of work to do in the next four years as they prepare to hit FIFA World Cup standards to host their set of 5 games.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" 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