Tag: 2026 World Cup (page 1 of 1)

The United States is confident of its profits from the 2026 World Cup (Part 2)

Some stadiums in Brazil are also built in remote areas, such as Manaus near the Amazon rainforest. After the World Cup ended, it was rarely used.

Brazil’s economy has been volatile since the past, due to rising private debt and rising inflation. In 2014, they fell into recession. The World Cup could not save Brazil, but perhaps helped push them deep into crisis.

Chicago has withdrawn from competing to host the 2026 World Cup because FIFA has asked to build a dome around the city’s Soldier Field. “FIFA’s rigidity and unwillingness to negotiate clearly indicate that Chicago will not be of any benefit if pursuing this,” said Chicago mayor spokesman Rahm Emanuel.

However, Miami mayor Carlos Gimenez was optimistic. He thinks the World Cup could boost tourism during the low season in Miami. The World Cup is expected to bring about US $ 800 million – US $ 1.6 billion for this city.

However, the net benefits from tourism are also often modest, said Andrew Zimbalist, author of a study book on the economics of host countries in the Olympics and the World Cup. According to him, the “evacuation effect” will offset the revenue from tourists, because people will also leave to avoid disturbance.

Besides, some cities will benefit more than others. For example, New York is a tourist mecca in the summer. But if they were not chosen as the venue, tourists could move to another city. By contrast, if Boston’s Gillette Stadium is chosen, tourism here will flourish. In 1994, the most damaged city in the US was Orlando, because football caused the revenue of simulation parks to plunge.

Meanwhile, increasing the global presence is even more difficult to measure than tourism. Dalas was one of the cities chosen in the 1994 World Cup. Bobby Abtahi – one of the city leaders, said that this helped their reputation to increase. “We have gotten rid of a lot of misunderstandings and really become an international city since then,” he said.

Winter says that success or not is just a matter of awareness. “Stop pretending that this has a different purpose. I thought this was just a huge party. ”

The United States is confident of its profits from the 2026 World Cup (Part 1)

The 2026 World Cup will be held in 23 American cities, Canada and Mexico. These cities are optimistic that tourism and increasing international presence will help boost the local economy.

Restricting infrastructure costs is key to economic success for any country that wants to host sporting events, said Victor Matheson, an economics professor at College of the Holy Cross. The 1994 World Cup in the United States was more economically successful than the last 5 World Cups. They only spent $5 million on stadiums, compared to $ 3.6 billion in Brazil in 2014.

So the 2026 World Cup is also expected to follow this pattern. 15 of the 17 stadiums proposed by the United States are home to American football teams in the national championship (NFL). To host the World Cup, they may need to be renovated. However, Matheson said the new stadiums are specifically designed to still be able to make a normal soccer field.

“The cost of public will not be large,” documents US officials submitted to FIFA said. The US estimates this event will generate the additional $ 5 billion in short-term economic activity.

However, many people still warn of the previous World Cup shows more harm than good. The 2014 World Cup in Brazil cost $15 billion. “This is a wasteful, costly job,” said Brian Winter, vice president of policy at the American Business Council. “All the promises are in vain.”

Plans to invest in high-speed trains or new airplanes have been lengthened, as the country has poured money into building giant stadiums, hoping to create more economic opportunities. However, Ludovic Subran – chief economist at Euler Hermes – said that these were only false hopes. “It is like building a stadium in Rust Belt (an area of ​​the US) and saying that it will stimulate the economy of the country. I do have it”.