Uncertainty clouds Vancouver's 2026 World Cup cost estimates

The City ofVancouversays it's unable to give a complete estimate of costs associated with hosting matches at the 2026 FIFAWorldCup because it is hosting two more games than it anticipated.

The original cost, released by the provincial government at the end of January 2023, pegged the bill for hosting five WorldCupgames at$230 million, with much of that money going towardevent security.

But that estimate is out of date since FIFA soccer's international governing body confirmed Vancouver will be hosting seven games, the city said.

"We will be assessing the impacts of delivering seven matches against current assumptions in order to update these estimates," the city said in a statement.

"While we're still in the early stages of analyzing the impact of hosting seven matches, we expect to see increased revenue opportunities from commercial partners and match day sales."

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The city said it is discussing the additional games with FIFA to determine anticipated costs and benefits, with no set date for the information to be released.

Whatever the new figure, a sports economyexpert said cost estimates for any large-scale sporting event tend to be wrong.

"[In] the majority of studies that have looked at the cost of hosting mega events, whether you're talking about Olympics,WorldCup, et cetera, the costs themselves are generally underestimated,"said Brian Soebbing, a professor at the University of Alberta.

Soebbing also raised doubts about the economic benefits host cities tend to claim when hosting large-scale sporting events.

"Part of the idea of economic impact is you've got these visitors who are coming for the sole purpose of going to theWorldCup. ButVancouverin and of itself is a very good tourist city in any year, right?

"There are going to be people who were going to go toVancouverbut are not going to go toVancouverbecause of theWorldCup."

Part of the issue, Soebbing said, is fans coming for theWorldCupwill push out regular tourist groups or tours that would come toVancouverand the region at the same time, meaning the economic benefit of sports fans is balanced out by the loss of other groups.

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The cost estimate for hosting does not include renovating B.C. Place, with PavCo the Crown corporation that owns the stadium putting out a request for proposal in December for a construction manager to oversee work needed.

PavCo'srequest indicates B.C. Place, which turned 40 years old last year, will need more VIP suites and hospitality space on the stadium's third level, an upgrade to food-court concessions, renovation of washrooms and installation of more elevators.

Toronto andVancouverare the Canadian cities set to host matches during the 2026WorldCup, which will also be played across the United States and Mexico.

The cost of hosting additional games is an issue affecting Toronto as well.

The City of Toronto estimates it will cost $380 million to hostWorldCupmatches in the city, an increase of $80 million compared to a 2022 forecast, partly because of the addition of another match to the schedule.

The cost increase also includes an evaluation of vendor quotes, safety and security requirements and inflationary uncertainty.

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