The Canadian Taxpayers Federation is calling on Olivia Chow to cancel the more than $100 million the city was set to spend to host between five and eight games during the 39-day tournament.
When the City of Toronto initially expressed interest in hosting World Cup games back in 2018, the cost to taxpayers was estimated between $30 and $45 million. “We're coming out to say: ‘Look, she's gonna need to find a way to pay for it.’ And one of the ways to do that is to, you know, make an alternative choice here with the World Cup games,” he told CP24.
Speaking with CP24, Goldberg noted that with the current plans it will cost taxpayers $644,000 for every minute that a team is on BMO Field.“Hosting these games is almost always, if not always, a big money loser for cities. If you combine what we're expected to spend already at all three levels of government, you're looking at $300 million,” he said.
Net revenue generated by the games is set to be split between MLSE and the city to a maximum of $10 million, according to the document. Any money made on top of that will be split 60/40 to the city’s benefit.
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