Victoria to pay $380m compensation for cancelling 2026 Commonwealth Games
www.abc.net.au
The State of Victoria has agreed to pay the Commonwealth Games parties $380 million in compensation after pulling out of the 2026 regional event.

Part of me is inclined to say might as well keep going with the games, but then I think sunk cost fallacy.

Does anyone even care about the commonwealth games?

  • dbilitated@aussie.zone
    ·
    1 year ago

    I posted this a while ago - it's about the olympics but I think a lot of the conclusions are relevant. Personally I back the logic of a known loss now, rather that doubling down and facing an uncertain and likely worse loss during an already difficult time.

    https://www.cfr.org/backgrounder/economics-hosting-olympic-games