Toronto Says World Cup Cost Estimate Now at $380 Million, Cites Additional Match

Published on February 27, 2024

The City of Toronto estimates it will cost $380 million to host World Cup matches in the city, an increase of $80 million compared to a 2022 forecast partly because of the addition of another match to the schedule. Toronto and Vancouver are the Canadian cities set to host matches during the 2026 World Cup, which will also be played across the United States and Mexico. The city manager and executive director of World Cup hosting say in a report released on Feb. 26 that city staff have been reviewing planning assumptions, cost estimates, revenue and benefit opportunities after FIFA announced this month that Toronto had been awarded seven matches, including six group stage matches and one knockout stage contest....

Continue reading on website
Other news

Queensland Court Rules COVID Vaccine Mandate for Police, Ambulance Staff ‘Unlawful’

February 27, 2024
A supreme court in Queensland has ruled that COVID-19 vaccine mandates imposed by the state government on police officers and ambulance service workers during the pandemic were unlawful under human rights laws.On Feb. 27, the Brisbane Supreme Court issued rulings on several lawsuits filed by dozens of individuals against the Queensland Police Service (QPS) and Queensland Ambulance Service (QAS) ov

Paramount Global Put on Negative Credit Watch Amid Weak Cash Flows

February 27, 2024
Independent credit rating agency S&P Global has placed Paramount Global—the media conglomerate that owns CBS, Nickelodeon, MTV, and Showtime, among other major broadcasting networks—on a “credit watch negative,” citing a weak operating cash flow generation. This follows the company’s move away from traditional cable television and toward a “lower margin” streaming model.“We believe FOCF [free oper