Victoria's Cancellation of 2026 Commonwealth Games Costs State $589 Million
A report by the state's auditor-general criticizes the decision, citing overstated cost estimates and lack of transparent advising.
- The Victoria government overstated the 2026 Commonwealth Games' costs, leading to its cancellation and a $589 million expense to the state.
- The initial cost estimate was deemed 'unrealistically low,' with the revised $6.9 billion figure criticized for not being transparent.
- A $1 billion contingency allowance for various risks was already included in the budget, contradicting claims of cost escalation.
- The report highlights a failure in collaboration among agencies to provide comprehensive advice on hosting the Games.
- The future of the Commonwealth Games is uncertain, with no host for the 2026 event as of now.
The Telegraph 
South China Morning Post 
CNA 
Associated Press 
The Guardian 