The FIFA Men's World Cup is the most watched sporting event in the world. So, it will be a great time, and I know that there are benefits for, not just Santa Clara, but the entire Bay Area region.
Our cost, and we talked about this Tuesday night, are projected to be $45 to $50 million. One of the things that has been key as part of these negotiations is making sure that all of the city's costs are covered.
The proposed agreement also allows for a ticket surcharge to make the city $2 million additionally. The host committee will also fund required stadium improvements, which could even entice new events to come in the future.
But to make money, you have to spend money. Grogan shared a report at Tuesday's city council meeting about what security and other expenses will actually cost the city.
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