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At present Australia is the only country in the world to host the Commonwealth games on a record of four occasions and lead the way with a staggering 803 gold medals and have over 2000 medals In this manner Australia aspires to continue its effulgent success for the upcoming 2018 Commonwealth games and substantiate to the world that it continually hosts the most inspiring trend-setting memorable Commonwealth games for all the athletes For the 2018 Commonwealth Games Gold Coast is hosting the aforesaid and unambiguously like other previous cities that hosted the games it also yearns to take this opportunity to modernise its infrastructure and showcase that their city is a world-class city However this essay will use the cost-benefit analysis approach and determine if it is a sound decision or not economically socially and environmentally and if it creates positive or negative externalities In addition this essay will also state and recommend that the Commonwealth games will not benefit the Gold Coast in any way and the government should have invested in something else In this cost-benefit analysis essay there are three aspects to consider but this paragraph will predominantly focus on the economics cost-benefits of the Gold Coast Commonwealth games Economically it can be clearly said that the commonwealth games will be a loss because the Queensland government is investing more than 15 billion dollars when recently Premier Campbell Newman said the state is on a power dive into the grand canyon of financial disasters and we struggle to reduce the 28 billion budget deficit and a 65 billion debt source 1 and 6 Accordingly how are they going to invest this much money and assume that it will be recovered along with the debt they have In addition other costs of hosting the commonwealth games is that infrastructure gets built but there will be limited uses once the event is over Transport such as light rail designed to ferry thousands to an
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