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			Brisbane gets backing to continue 2028 bid 
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			 [September 23, 2016] 
			SYDNEY (Reuters) - A potential 
			bid to host the 2028 Olympics from Brisbane gained further traction 
			on Friday with the Australian Olympic Committee backing the decision 
			to fund a further feasibility study. 
 Local media reported on Friday that mayors from south-east 
			Queensland had agreed to fund a more detailed feasibility study on 
			the possibility of hosting the Games in the region.
 
 "The Australian Olympic Committee (AOC) has supported the concept of 
			a feasibility study from the outset," AOC president John Coates said 
			in a statement. "We see this as the first step in the process."
 
 Coates added the AOC would back the bid further if the study adhered 
			to two principles from the International Olympic Committee around 
			meeting long-term sporting, economic, environmental and social needs 
			and using existing facilities.
 
 "We believe this would be possible given the existing venues and 
			infrastructure spread throughout the entire Council of Mayors area 
			of south-east Queensland," Coates added.
 
 "The current venues centered on Brisbane, the Sunshine Coast and 
			Gold Coast would be boosted by the additional venues being built as 
			part of the 2018 Commonwealth Games."
 
			
			   A year-long pre-feasibility study released in July concluded the 
			region had the capability to bid for and host an Olympics.
 The decision would also prove something of a fillip for IOC bosses, 
			who are concerned the Games is losing its luster, with a pattern of 
			cities pulling out of bidding for both summer and winter Games after 
			baulking at huge costs required.
 
 The mayor of Rome Virginia Raggi pulled the plug on the Italian 
			capital's bid to host the 2024 Olympics earlier this week, saying 
			staging of the Games would bury the city in a mountain of debt and 
			tonnes of concrete.
 
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			International Olympic Committee (IOC) Chairman of the Coordination 
			Commission for the Tokyo 2020 Games John Coates speaks during a news 
			conference in Tokyo, Japan, May 26, 2016. REUTERS/Thomas Peter 
            
			 
			Brazil spent about $12 billion on the Rio Games last month, which 
			proved a sporting success but was marred by complaints over budget 
			overruns and infrastructure delays.
 Los Angeles, Paris and Budapest are the remaining bidders for the 
			2024 Games, with a decision due in September 2017.
 
 Biding for the 2028 games kicks off in 2019, a year after the Gold 
			Coast, which is part of the wider Brisbane bid, hosts the smaller 
			Commonwealth Games.
 
 (Reporting by Greg Stutchbury in Wellington; Editing by Sudipto 
			Ganguly)
 
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