The CGF had been struggling to find a host for the 2026 Games before Victoria volunteered in April 2022.
Organisers had originally estimated the event – hosted across cities including Geelong, Bendigo and Ballarat – would cost A$2.6bn (£1.34bn).
But the expected cost for the 12-day tournament rose to more than A$6 billion (£3.08bn), prompting the state to cancel its plans.
The South African city of Durban was originally set to stage the 2022 games, but were stripped of hosting rights in 2017 after running into money troubles and missing key deadlines. Birmingham agreed to host nine months later.
Last week the Commonwealth Games was missing from a list of 70 major events that UK Sport said it wanted Britain to host in the next 15 years.
Deputy CEO Simon Morton said: “The challenge for us thinking about the Commonwealth Games in the future is simply a value for money one, rather than does it have benefit?
“We’ve got an open dialogue with the Commonwealth Games Federation, but until there is a little bit more clarity on what a sustainable Commonwealth Games model looks like in the future, it doesn’t appear on our list.”
Source link: https://www.bbc.co.uk/sport/commonwealth-games/68534305