Tag #Budget Concerns

How does the lack of a comprehensive budget impact the risk assessment and long-term financial planning for the Games?

The absence of a comprehensive budget encompassing all cost elements—from infrastructure to operational expenses and contributions from diverse entities—hinders effective cost management and risk assessment for the Brisbane 2032 Games. This lack of transparency increases the likelihood of unforeseen cost blowouts, impacting the Games' overall financial viability and potentially affecting Queensland's financial standing. The 2021 bid document's $4.9 billion estimate, focusing solely on the organizing committee, is demonstrably insufficient.