How costly is hosting the Olympic Games?

After Sydney, and Melbourne in 1956 - Brisbane 2032 will be the third Olympiad to take place on Australian soil. Broadcast on the 22nd of July, 2021.

The campaign for Brisbane to host the 2032 Olympics saw the Sydney Opera House in Australian team colours Source: AAP

History tells us that former host countries pile on the debt that can take years to pay off.

Athens 2004 forced Greece to find more than 19 billion dollars – more than double the projected cost - when the state coffers were already empty. 

Meanwhile, the debt incurred by Rio in 2016 spiralled to around 155 million dollars - more than three times the estimated amount.