The province is hosting a technical briefing for the media on Tuesday and will hold a live press conference at 3 p.m.
The new projection for core costs are now estimated at between $483 million and $581 million, Tourism, Arts, Culture and Sport Minister Lana Popham told media at a briefing at BC Place.The B.C. government said it expects the gross costs to be offset by between $383 million and $436 million in revenues, including $116 million from the federal government.
The announcement drew swift condemnation from the Canadian Taxpayers’ Federation, which gave the update a “red card.” “It’s unacceptable that the province and the city have more than doubled the costs to host just a few soccer matches,” said Carson Binda, the group’s B.C. director.“The more money that’s wasted on FIFA, the less money that can support British Columbians.”
For comparison, the CTF said the money going to the tournament could pay the salaries of 885 teachers for a decade or build 17 schools. Toronto’s estimate to host six matches has climbed from $290 million to $380 million in the last year.BC Place will also need major renovations to accommodate the event, including new elevators, electrical upgrades, VIP facilities and a connection to the Parq casino and hotel.
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