The collapse of Queensland's plans for the Brisbane Olympics 2032 due to budgetary constraints and the excessive costs involved.
The debacle of the Brisbane Olympics 2032, and the collapse this week of Queensland ’s ludicrous plans as its five Olympic rings train-crashed into budgetary reality? You know, how it pretty muchI thought you’d never ask.
You’ll forgive me if I note that, from the beginning, your humble correspondent was already saying how insane the plans were in the first place, making Sydney’s absurd #StadiumSplurge look like budgetary constraint!“This week, the federal government and Queensland announced a joint $7 billion funding agreement to overhaul Brisbane’s sporting and event venues, including the Gabba, before the 2032 Olympic and Paralympic Games. The Commonwealth will contribute“I repeat: $3.5 billion! For the Sydney 2000 Games, the federal government paid – according to a NSW government report referenced in the federal parliament’s 2021-22 budget review – $150 million, which is equivalent to $244 million today. This was just 8.2 per cent of the total construction cost of $1.84 billion, which is equivalent to about $3 billion today.“All the more surprising is that in the original bid, a key feature was that south-east Queensland would be able to leverage existing infrastructure to hold the Olympics for a total cost of ...“Umm, if the cost has gone up by $
Brisbane Olympics Queensland Budgetary Constraints Funding Agreement Infrastructure
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