Brisbane Olympics budget faces $5 billion blowout warning | 7NEWS
The Queensland government faces calls to increase the Brisbane Olympic Games budget to $20 billion, with business experts from the University of Oxford warning of a potential $4-5 billion shortfall. The current budget sits at $15 billion for 17 new venues including Victoria Park Stadium and Athletes Villages, with the state committing just over $7 billion and expecting private sector funding for the remainder. Experts cite Paris and Tokyo’s struggles to secure private funding as evidence that Queensland taxpayers may need to cover the gap.
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