Local shires expecting an economic boost from the 2026 Commonwealth Games now look to the Victorian Government’s $2 billion spending package for the regions.
Premier Daniel Andrews announced last week the state would withdraw from its regional Games hosting duties, citing soaring cost estimations of at least $6 billion.
Macedon Ranges and Hepburn councils expressed shock and disappointment at the decision to scrap hosting duties.
The Games were forecast to contribute more than $3 billion to the Victorian economy. The government has promised a $2 billion regional spending package as consolation.
Hepburn Shire was slated to host the Commonwealth Games mountain biking events at the 60km Creswick Trails Network.
“While we understand and appreciate the financial challenges faced by all levels of government, we are extremely disappointed that regional Victoria will no longer host the games,” mayor Brian Hood said.
Cr Hood said many were looking forward to the economic benefits that the games would bring through visitation and tourism.
“Economic pressures are being felt at all levels of government and across the community,” he said.
“We acknowledge the Victorian Government’s announcement of the cancellation also comes with a regional support package, which we anticipate will bring other desperately needed benefits for our shire, and we look forward to further detail on this.”
Hepburn council assured cancellation of the Games would not impact on the delivery of the trails network, which is expected to be finalised and opened in late 2024.
The government’s spending package includes a $1 billion Regional Housing Fund to build 1300 new homes across regional Victoria.
This will include a mix of social and affordable housing.
There will also be a new $150 million Regional Tourism and Events Fund, $60 million Regional Community Sport Development Fund, and $40 million All Abilities Sport Fund.
Macedon Ranges Shire CEO Bernie O’Sullivan said the decision to not host the Games came as a shock and was disappointing, but he welcomed the subsequent support announced.
“Many community groups and businesses were looking at opportunities associated with the hosting of the games to raise awareness of their activities and to attract visitors,” he said.
“The $150 million Regional Tourism and Events Fund is expected to continue to support those groups and businesses towards these goals.
“We are also pleased to see the regional housing fund to support more accommodation across the state.
“Council will continue to work with the community and the Victorian Government to fully understand what these changes may mean and maximise benefits for the shire.”
