Toronto expects to spend $380 million hosting World Cup matches, an $80 million increase from earlier estimates.
This is partly due to an additional match being awarded to the city and factors like inflation.
The report anticipates all government levels will contribute to the cost.
Despite the cost increase, the World Cup is expected to generate $392 million in additional GDP for Toronto.
Mayor Chow is excited about the tournament but emphasizes transparency regarding the increased cost. She aims to maximize benefits for small businesses and Torontonians.
