Brisbane, Wins Bid To Host, 2032 Olympics.
Brisbane, Wins Bid To Host, 2032 Olympics.
On July 21, the International Olympic
Committee announced that Australia will
host the 2032 Summer Olympic Games.
NPR reports that the Brisbane Games
will be the third time Australia has
hosted the world's largest sporting event. .
Brisbane will also host
the Paralympic Games.
Our purpose was to seek an amazing,
once-in-a-lifetime opportunity for
our region and for our city, Adrian Schrinner, lord mayor of Brisbane, via Twitter.
According to Schrinner, hosting
the Games will provide an $8.1 billion
boost to the Queensland region economy.
'The Guardian' reports that the estimated cost to prepare Brisbane for the event is about $5 billion.
NPR points out that it remains
unclear if Olympic host cities actually
gain economically from holding the event.
According to the Council on Foreign Relations,
the Rio de Janeiro 2016 Games left the city with crippling
debt and high maintenance costs for abandoned facilities.
According to the Council on Foreign Relations,
the Rio de Janeiro 2016 Games left the city with crippling
debt and high maintenance costs for abandoned facilities.
The organization also pointed to the
1976 Summer Olympics in Montreal that
"came to symbolize the fiscal risks of hosting." .
The organization also pointed to the
1976 Summer Olympics in Montreal that
"came to symbolize the fiscal risks of hosting." .
The projected cost of preparing
the city for the Games, $124 million,
was billions below the actual cost.
The projected cost of preparing
the city for the Games, $124 million,
was billions below the actual cost.
The city's taxpayers were left
with some $1.5 billion in debt that
took nearly three decades to pay off.
Australia previously hosted the
Olympic Games in Melbourne in 1956
and Sydney in 2000.
Australia previously hosted the
Olympic Games in Melbourne in 1956
and Sydney in 2000.
Paris is set to host the 2024 Olympics.
Milan and Cortina d'Ampezzo
in Italy will host in 2026.
and Los Angeles will host in 2028.
Beijing is hosting the
2022 Winter Olympics