Following an official vote from the IOC on Wednesday, Australian city Brisbane was awarded the 2032 Summer Olympic Games. With this year’s Olympics posing ongoing issues, it’s not clear if the city should be celebrating or concerned.
The Brisbane Games are slated to cost $3.7 billion, but that number could rise.
- Japan, which begins hosting the delayed Tokyo Olympics on Friday, expected the Games to cost $7.5 billion when it won the bid in 2013.
- Estimates are now closer to $20 billion, and major sponsors like Toyota have scaled back their commitments.
Luckily, Brisbane says it has 84% of stadium and event venues already in place, with a new swimming arena planned. Transport projects will be completed in time for the Games.
The 2032 Games will mark the third time Australia hosts the Olympics and its second Paralympics.
The 2000 Sydney Olympics cost roughly $6.5 billion, not including infrastructure developments. Melbourne hosted the Games in 1956, paying nearly $127 million. One dollar then equals about $9.73 now.
The U.S. is the only other country to have hosted the Summer Olympics in three different cities.
