States Offer Tax Breaks, Funds For Chance To Host 2026 World Cup

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States Offer Tax Breaks, Funds For Chance To Host 2026 World Cup
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U.S. cities and states have lined up with tax breaks and millions of dollars in both public and private investments for a chance at hosting 2026 FIFA World Cup games, set to be announced today. Philly is among the cities under consideration to host games.

The prize is a share of what FIFA expects to be more than $5 billion in short-term economic activity generated from the tournament throughout North America.Philadelphia Police Identify Teenage Boy Killed In Apparent Center City Road Rage Shooting

Seventeen stadiums in 16 areas remain in contention to be among 10-12 selected from the U.S. for the tournament, which will be co-hosted with Mexico and Canada. The U.S. will host 60 of the 80 games under FIFA’s plan, including all from the quarterfinals on, and there was little doubt over the venues for 10 games each in the other nations.

Tickets to sporting events aren’t subject to sales tax in Ohio, although Cincinnati, which is vying to be named a host city, is among municipalities that subjects them to a local admissions tax. Georgia also appropriated $250,000 in the budget beginning July 1 for security if Atlanta wins a bid. Money from hotel taxes collected by the Atlanta Convention and Visitors Bureau also could be used to support the bid.

Ohio created a special fund for luring this type of sporting event in 2019, and the most recent state budget calls for two infusions of up to $5 million into it over the next two years.

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