The report states: “The concept is based on a significantly reduced budget, timeline and scale of event, therefore the approach and experience will be different to previous Commonwealth Games.”
It adds Victoria agreed to make a compensatory payment of around £190m to the CGF and Commonwealth Games Australia — and there is a “commitment from CGF to meet the entire cost of the Games”.
It was previously confirmed that Commonwealth Games Australia had contributed £2.3m to “enhance the event”.
A Glasgow 2026 programme board has been set up, chaired by the council’s chief executive, to oversee the city’s role in the Games.
It will monitor the “progress of delivery of the city’s operations and functions within the agreed budgets, ensuring a legacy for Glasgow”.
Councillors were asked on Thursday to grant permission for the chief executive and the council’s finance director to “negotiate and conclude all legal and financial agreements associated with the city’s role in hosting of the Games”.
Reporting by Drew Sandelands at the Local Democracy Reporting Service.
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