The City of Vancouver and Vancouver Whitecaps FC have signed a memorandum of understanding that opens an exclusive negotiation period through the end of 2026 to explore the development of a new stadium and entertainment district at Hastings Park.
The agreement marks a major step toward the potential creation of a world-class sports and cultural destination in Vancouver, following a historic season in which the Whitecaps reached the MLS Cup final for the first time in club history.
Under the MOU, the city and the club will work together until Dec. 31, 2026, to negotiate the terms of a possible ground lease, including stadium design, financial structure and community benefits tied to the proposed development.
Economic and community impact
Mayor Ken Sim said the agreement reflects a shared commitment to advancing a long-term vision for professional soccer in Vancouver.
“After an incredible year for the Whitecaps, it’s clear how much this team means to our city,” Sim said. “This MOU shows a firm commitment by both the city and the club to move forward. The partnership has the potential to create jobs, boost the local economy and transform Hastings Park into a vibrant hub for sports, concerts and community events.”
Long-term stability for Whitecaps
Whitecaps FC CEO Axel Schuster said the negotiations represent a critical step toward securing a permanent home for the club in Major League Soccer.
“We’re grateful for the city’s partnership and look forward to determining whether Hastings Park can become the future home of our club,” Schuster said. “There is still a lot of work ahead, but this is a positive step toward long-term stability in MLS.”
Site details and approvals
The proposed lease area is located within the current Hastings Racecourse footprint, including space previously used for racecourse and casino operations. The City of Vancouver will retain ownership of the land.
Both parties also acknowledged the Tsleil-Waututh Nation’s agreement to purchase the casino business currently operating on the site.
Any future development will be subject to regulatory approvals, including zoning and development applications, as well as public consultation processes. The city and the Whitecaps said they are committed to transparency and community engagement throughout the planning stages.
What comes next
Next steps include preliminary planning and design work for the site, along with intensified negotiations on a potential ground lease. The outcome of those talks will determine whether Hastings Park becomes the next home of the Vancouver Whitecaps and a cornerstone of Vancouver’s sports and entertainment landscape.
