As Toronto’s official FIFA World Cup hosting duties come to an end, data shows that the city saw little economic gain during the first two weeks of the tournament.
That’s in large part due to the model that the World Cup and other large international sporting events are based on, former Toronto mayor David Miller said. Major sports organizations such as FIFA make the biggest gains, he said, while hosting countries and cities bear the brunt of the costs.
“They’re sharks,” said Miller, who is managing director of the C40 Centre, an international urban policy think-tank focusing on climate change, public health and the economy. “They really do ensure that every single cost is passed on to the hosts.”
We have John Tory to blame. And now his son is claiming the families hereditary right to a place at the public trough.
