The only thing certain about bidding to host a major sporting event is that whatever you suggest taxpayers might be on the hook for will ultimately be much, much higher.
It’s the golden rule.
To wit, it was no surprise when it was revealed last week the city of Toronto is already facing an $80-million cost overrun to host six games of the 2026 FIFA World Cup. The original estimate of $300-million has jumped to $380-million. Anyone thinking that will be the end of it is a fool. It’s only March, 2024, for heaven’s sake.
Hosting a major sporting event has evolved into a form of legalized theft, the connected profit at the expense of tax payers most of whom can’t afford a ticket.
