Toronto FC are set to receive $10million from the Toronto City Council to put towards the redevelopment of BMO Field.
The City Council voted 39-3 in favour of investing the aforementioned amount for a facelift of the Exhibition Place venue which houses the Major League Soccer franchise as well as the Canada national team, the Canadian Football League (CFL) and Canadian national rugby team.
TFC president Tim Leiweke was thrilled with the decision as the Reds continue to develop off-field and said it was a great development for other sport in Toronto.
"We're very grateful for the leadership and support of the City," Leiweke told the Toronto Star.
"This is an important issue, not just for Toronto FC, but also the CFL, the Pan Am Games, our ability to host Winter Classics, Grey Cups, and the proposed 2026 World Cup bid for Canada.
"Without support from the Provincial and Federal governments this deal does not happen, so together with the city, we will focus our attention over the coming days and weeks to finding the matching funds.
"Without these matching funds, we will be looking at a major issue for all of the proposed uses for BMO Field. We have work to do."
