Australia’s Victoria state pulls out of agreement to host 2026 Commonwealth Games because of rising costs
Australia’s Victoria state has withdrawn as host of the 2026 Commonwealth Games because of a massive increase in the projected cost of staging the multi-sports event.
He said his government had initially budgeted 2.6 billion Australian dollars to stage the Games in five regional cities but recent estimates put the potential cost as high as 7 billion Australian dollars . “Today is not about finding fault with those cost estimates,” he said, declining to outline the reasons for the cost blowouts. “Frankly, AU$6-AU$7 billion for a 12-day sporting event, we are not doing that – that does not represent value for money, that is all costs and no benefit.”
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