B.C. will get an economic boost from hosting the FIFA World Cup games, government says
There is less than a year to go before Vancouver is on the global stage hosting seven FIFA World Cup soccer games, and leaders are promoting the economic benefits of spending hundreds of millions of dollars on the international showcase.
A joint statement from B.C. Tourism Minister Spencer Chandra Herbert and Vancouver Mayor Ken Sim says one million additional out-of-province visitors are expected between 2026 and 2031, generating more than $1 billion in spending.
The statement says more than 18,000 jobs could be generated in that same period.
It says FIFA predicts that preparing for and hosting the tournament could contribute $1.7-billion in economic benefits for B.C., including a $980-million increase in gross domestic product and $610 million in 'labour income.'
World Cup 2026 organizers prepare for wrinkles created by U.S. travel restrictions
City of Toronto still sorting out FIFA World Cup funding with 13 months to go
Sim says the city's direct costs of hosting seven games 'remain on track' after the budget ballooned in 2024.
Last year, organizers announced the estimated cost of hosting the event more than doubled to between $483-million and $581-million, including costs for the city, the province and stadium upgrades.
The province estimates the net core provincial cost of hosting remains similar to earlier predictions, in the range of $85-million to $145-million.
Royce Chwin, president of Destination Vancouver, says in the statement that hosting the games will have lasting benefits.
'FIFA World Cup 26 is more than a series of matches. It's a catalyst for economic activity, international visibility, and community pride. Hosting seven games will energize our downtown core, including hotels, restaurants, venues, and surrounding neighbourhoods,' he said.
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Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof. Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. 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