The $230 million estimate is subject to change and include $52 million for contingency and inflation.
The provincial government estimated last spring that it would cost $240 million to $260 million overall to bring the U.S., Canada and Mexico-hosted tournament to BC Place Stadium, but it did not reveal the funding formula.
Due to inflation and after further meetings with FIFA, the province now says the cost to the city will be $230 million for planning, staging and hosting. That does not include costs to renovate and erect temporary facilities in BC Place Stadium and procure two natural grass fields. “The temporary tax could generate approximately $230 million in revenue over seven years,” said the provincial news release.
Destination Vancouver estimates the World Cup will draw 269,000 visitors, half of them from outside Canada and the U.S.
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