Vancouver hosting FIFA World Cup matches is a financial mistake economist

Vancouver, BCEconomy

QUICK SUMMARY

Vancouver faces criticism for hosting FIFA World Cup matches, with economist Moshe Lander arguing the costs will outweigh benefits. He suggests that the event will not significantly boost the city's profile or tourism, particularly given current economic struggles.

As Vancouver gears up to host matches for the 2026 FIFA World Cup, economist Moshe Lander labels the decision as financially imprudent. He emphasizes that hosting will likely lead to cost overruns rather than economic gains, stating, “It was never worth hosting.” Lander argues that the city's global profile is already established and that the event won't attract new tourists. He suggests that the tens of millions spent on the World Cup could fund more effective advertising campaigns. Additionally, Lander raises concerns about traffic congestion and security during the event, noting that many locals may choose to avoid the city. He warns that funding for the World Cup may detract from essential infrastructure projects, leaving future generations to deal with the financial aftermath. The current economic climate exacerbates these issues, raising doubts about the tournament's anticipated benefits. Ultimately, Lander believes the financial implications will not be favorable for Vancouver's residents.

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goingvancouverhostingworldcup

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goingEconomic implications of hosting major eventsUrban infrastructure challenges during large-scale events

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