The Gold Coast has withdrawn its bid to host the 2026 Commonwealth Games, the city's mayor has said.
In a statement, Tom Tate said: "We did our best and that's all people can expect.
"In simple terms, it seems our Games' vision doesn't align with the vision of the state or federal governments."
The Gold Coast successfully hosted the 2018 Games.
The move comes after the Australian state of Victoria announced in July that it was to withdraw as host due to the cost of the event breaching estimates by around five billion Australian dollars (€3.1 billion).
Then state premier Daniel Andrews told media in Melbourne at the time he was not prepared to spend up to A$6bn (€3.7bn) on a "12-day sporting event".
The state ultimately agreed to pay A$362m to the Commonwealth Games Federation, Commonwealth Games Federation Partnerships and Commonwealth Games Australia for its decision.
The future of the Games more broadly remains up in the air, with Canada's Alberta province also withdrawing its support for a bid for the 2030 event.
Australia's Commonwealth Games boss Craig Phillips said in September the 2026 Games could be pushed back a year to allow another Australian host time to step in.
However, on Monday he said it was more likely they would end up outside Australia.
"The people we spoke to in the Commonwealth Games family, I believe that the sentiment is very much still that the first priority is there is a solution here in Australia," he told Australian Associated Press.
"But if that doesn't materialise, then other options are certainly very much on the table."
Additional reporting: Reuters
