Councils brace for Commonwealth Games cost

March 03, 2023 11:51 AM AEDT | By AAPNEWS
 Councils brace for Commonwealth Games cost
Image source: AAPNEWS

Five Victorian regional hubs are jumping at the chance to host Commonwealth Games events in 2026 despite concerns over the likely costs.

Geelong City councillor Anthony Aitken said recent financial data suggested the state's second biggest city, which will host nine events and the closing ceremony, could not afford the Games outlay.

"Council wholeheartedly supports the delivery of the games in regional Victoria ... but the reality is that our latest financial results indicate that we can't afford it," he told a recent council meeting.

Cr Aitken suggested possible exemptions from council rates-caps as a solution to help raise the funds.

His comments came as Geelong City reiterated its support for the Games coming to the region.

"The event will deliver around $650 million in infrastructure investment in Geelong, which will be a hugely beneficial outcome," mayor Trent Sullivan said in a statement.

Cr Sullivan noted cost escalations had put pressure on the council's capital projects program, but it would consider investment where the facilities met the community's needs.

"We are in discussion with the Victorian government about how much we will be expected to invest," he said.

Geelong will host more events than any other regional hub.

Commonwealth Games Bendigo director and acting council chief executive Andrew Cooney said cost pressures associated with the Games could mean reorganising the city's capital works pipeline.

"It's just potentially a change in the priority of our expenditure," he told AAP.

Mr Cooney said Bendigo, which will host six sporting events, was not looking at a rates-cap exemption and sports infrastructure was only one part of the Games' legacy.

"We're really excited about the arts and cultural programme that we're going to provide," he said.

"We want to give people a wonderful experience for the year and hopefully entice them to come back. For us, the legacy is beyond just the sports infrastructure."

Ballarat mayor Des Hudson conceded current price pressures couldn't be ignored when it came to budgeting.

"The City of Ballarat is always faced with balancing competing priorities, this is being made more challenging in an inflationary environment," he said.

Ballarat will host three Commonwealth Games sporting events.

"Right now, it is too early to estimate what the financial implications of the Commonwealth Games will be on future council budgets," Cr Hudson said.

Latrobe Valley mayor Kellie O'Callaghan said the council was working closely with the state government to maintain clear lines of communication.

"We're still talking to the state around the planning... (and) what it is that we will need to be doing in terms of preparation," she told AAP.

"We're making sure that the state understands what our capacity is, in terms of how we contribute and how we partner in the games." 

Shepparton Mayor Shane Sali said the city was excited to deliver its Games events.

"We look forward to welcoming visitors and competitors to our region," Cr Sali said in a statement.

"The ambitious idea for a regional Victoria Commonwealth Games was launched right here in Greater Shepparton more than five years ago and we are excited to see the concept come to life in 2026."


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.