The plan for the international event includes a two-year turnaround with a budget of £130-150million.
The Commonwealth Games Federation would provide £100million, while the remaining funds would come from tickets, sponsors, and broadcasting.
Around 10 sports would be offered during an 11 day competition in July or August 2026. Athletics and swimming are the two mandated sports with the other eight to be determined after consultation with the CGF.
The last time only 10 sports were competed in at a Commonwealth Games was in 1994. Glasgow hosted 17 sports in 2014 while the most recent Games in Birmingham in 2022 featured 20 sports.
Commonwealth Games Scotland chairman Ian Reid laid out a timeline for the announcement that suggests we will hear a decision in the next week.