There’ll be two types of Australian high jump in Tokyo this month. The first, most likely scripted, was Queensland Premier Annastacia Palaszczuk’s front row leap after Brisbane was awarded the right to host the 2032 Olympics.
The second will be in response to Australia winning any medals.
Palaszczuk’s leap is also a plunge into an uncertain future.
For the next 11 years there will be much debate about whether it’s worth it.
As this will be the 35th Olympiad, there is a lot we already know. Most Olympics cost a lot more than planned, and most lose money.
An Oxford University study found the Olympics is the world’s most expensive mega event, with hosts’ sports-related costs averaging US$12 billion and non-sports-related costs usually several times greater.
Most games cost more than planned
The researchers found that every Summer and Winter Olympics since 1960 has run “over budget, at an average of 172% in real terms, the highest overrun on record for any type of megaproject”.
Cost overruns at the Summer Olympics since 1976
- ^ Oxford University (www.researchgate.net)
- ^ Regression to the Tail: Why the Olympics Blow Up, Oxford University 2000 (www.researchgate.net)
- ^ demolishing (architectureau.com)
- ^ The Brisbane study claimed 'intangible benefits'. (www.premiers.qld.gov.au)
- ^ study (www.premiers.qld.gov.au)
- ^ Leaner, cost-effective, practical: how the 2032 Brisbane Games could save the Olympics (theconversation.com)
- ^ Reduce, re-use, recycle: how the new relaxed Olympic rules make Brisbane’s 2032 bid affordable (theconversation.com)
Authors: David Rowe, Emeritus Professor of Cultural Research, Institute for Culture and Society, Western Sydney University