Toru Hanai / AP
In the summer of 2032, the world’s largest sporting event will travel to Brisbane, Australia.
The International Olympic Committee announced in Tokyo on Wednesday that Australia will host the Summer Olympics for the third time.
Brisbane will also host the Paralympic Games.
Adrian Schrinner, the mayor of Brisbane, said the effort to make Brisbane a host city began six years ago under his predecessor.
“Our aim was to seek out an incredible and unique opportunity for our region and for our city,” Schrinner said in a message shared on Twitter celebrating the announcement.
He said hosting the Olympics and Paralympics would provide an $ 8.1 billion boost to the Queensland region’s economy. According to The Guardian, the estimated cost to prepare Brisbane for the event is $ 5 billion.
According to some reports, it is not clear that the Olympic host cities are actually benefiting from hosting the event economically.
The Council on Foreign Relations, a non-partisan think tank, said the 2016 Rio de Janeiro games left the city in debt and high maintenance costs for abandoned facilities just one year after the event. .
The organization also highlighted the 1976 Summer Olympics in Montreal which “came to symbolize the fiscal risks of hospitality”. The estimated cost of preparing the city for the games, $ 124 million, was several billion less than the actual cost. City taxpayers were left with approximately $ 1.5 billion in debt that took nearly three decades to pay off.
IOC member nations had an easy choice to make on Wednesday. Brisbane was the only option still vying to be a host city.
The Associated Press reports that the IOC essentially gave Brisbane exclusive negotiating rights in February, leaving officials from Qatar, Hungary and Germany, who also attempted a race for the host effort to 2032, in the cold.
Australia previously hosted the Olympic Games in Melbourne in 1956 and Sydney in 2000.
Paris is expected to host the 2024 Olympics; Milan and Cortina d’Ampezzo in Italy will host in 2026; and Los Angeles will host in 2028. Beijing will host the 2022 Winter Olympics.