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Victoria Abandons the Commonwealth Games Over $6 Billion Price Tag

#commonwealthgames2026 #auspol #heisesays
Abandoning the Commonwealth Games while still building the infrastructure.


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  1. This is all to do with Victoria's credit rating that is quickly being downgraded from Aa to B. The Govt political and economically could not survive a negative A or B rating as borrowing costs would be extroronant. Victoria is in a lot of trouble.

  2. Paying the wages for all those Olympians and other workers, accomodation costs, catering, insurances, transport costs, interest on all that extra debt etc etc etc would be costly.
    Most Olympics loose money anyway.
    They probably have signed contracts for construction works, so would cost billions in compensation if they cancelled them anyway.
    Just like our ex PM Scummo signing contracts to his political donor overseas job service providers for billions of dollars till 2027.
    No circus for the people now and this will help unemployment reach 4.5% which is the goal

  3. The breathtaking budget blowout in the VicPol due to all the overtime for officers manning the anti-lockdown protests for the world most locked down city wouldn’t of helped. How embarrassing. Victoria is a global joke. What a dive it has become, no wonder all the people who used to live there are leaving.

  4. It's an interesting situation.
    Chris Joye mentioned in a recent interview, about the start of a new credit default cycle.
    Victoria would have issued many bonds of various terms and conditions, over the last few years.
    I wonder if Victoria could default on some of these debt instruments?

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