Steven Reed, President of Canada Soccer and Co-chair of the United Bid Committee, added: "Canada has raised the bar for women's and youth FIFA competitions including the most recent record-setting FIFA Women's World Cup and is the only G7 country to have not hosted the men's competition".
According to the minister, the committee has so far rejected the province's requests for clarification on costs and declined to negotiate with the province.
The provincial government owns B.C. Place Stadium and Beare noted one of the government's main concerns was for FIFA's "ability to unilaterally change the stadium agreement at any point".
Canada, the USA and Mexico are up against Morocco to host the world's most widely viewed sporting event.More news: Rohit, Sundar guide India to final of Nidahas Trophy
"It didn't meet their expectations, but I have a higher obligation than just being a soccer fan. But it also comes with potential risks, so we're looking at those risks and going to make a decision that's in the best interest of B.C. taxpayers", said Lisa Beare, minister of tourism, arts and culture.
Sportsnet 650 has confirmed Vancouver will not be a host city of the FIFA World Cup in 2026.
A decision on the winning bid will be made June 13 at the Federation Internationale de Football Association congress.
On Wednesday, the premier learned that United 2026 has dropped Vancouver from its list of host city candidates. "We are behind this bid".More news: Buveur D'Air defends crown, treble for Mullins
"While we support the prospect of hosting the World Cup, we can not agree to terms that would put British Columbians at risk of shouldering potentially huge and unpredictable costs", BC's Minister of Tourism, Arts and Culture, Lisa Beare, said in a statement. "Vancouver remains a city with an exceptional sports hosting history and we look forward to working with the province and our Sport Hosting Vancouver team to identify future global sporting events that bring positive economic and cultural impact to Vancouver". "I'm not prepared to sign off on that", he said. In a statement, Mayor Gregor Robertson said "we've done our part to sign on to the bid and are hopeful the provincial and federal governments can find an arrangement to support the bid going forward".
"The minister should now provide all the facts as to why the B.C. NDP was unable to reach an agreement to participate in this unprecedented chance to promote the province", he said.
The federal government will also help with essential services such as security and border control as it did during the Women's World Cup in 2015.
The former government worked hard with the City of Vancouver, sports organizations and the tourism sector to realize this opportunity.More news: Colombia Holds Historic Congressional Elections Amid Rebel Truce
"That is concerning because there's been many months, even years, put into this proposal and this project and at the last minute, to pull out like that, speaks to me about a government in disarray", said Liberal MLA Jas Johal.