Olympic supremo John Coates says the Australian Olympic Committee won’t hold organisers of a successful 2032 Brisbane Games over a financial barrel - as it did ahead of Sydney 2000 - as the parties discuss the host contract they will take to the International Olympic Committee for blessing in a few months’ time.
It is no longer possible for the AOC to sign an agreement like the one it did with NSW ahead of the 1993 announcement of Sydney as host of the XXVII Olympiad that gave AOC president Mr Coates the ability to veto, line-by-line, any item in the draft budget, he said.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
