The results of the study were presented at a press conference in the Austrian city today where plans for the potential bid were outlined.

It is claimed that no permanent new buildings would be required with events spread around the whole of Tirol state.

This would include the Opening and Closing Ceremonies at Tivoli Stadium, skating and ice hockey finals at the Olympic Stadium and sliding sports at Innsbruck's ice track.

St. Anton am Arlberg would host Alpine events with Hochfilzen and Seefeld staging biathlon and Nordic sports respectively.

An implementation budget of €1.175 billion (£1 billion/$1.3 billion) has been predicted while the Olympic Village would make use of existing urban developments.

It is claimed a bid would be "ecologically responsible, socially responsible, economically viable".

Officials have pledged, however, to let the people of Innsbruck and Tirol have the final say.

It comes with the International Olympic Committee (IOC) proposing changes to the 2026 bidding process after three withdrawals from the race for the 2024 Summer Games. 

IOC President Thomas Bach promised they would be more "proactive" in supporting cities considering bidding and proposed reducing the candidature period from two years to one.

The IOC will "customise" its approach to the needs of the cities "in order to develop together the best value proposition for the cities and the Games".

"In the application process the IOC will support the candidates much more intensively," said Austrian Olympic Committee (ÖOC) President Karl Stoss.

"The process will be significantly easier and more cost-effective. 

"With Innsbruck and Tirol, we have a chance to prove that you can organise Games that are modern but still in a friendly format, using facilities that have long existed in places that have a tradition of winter sports. 

"With new transport concepts, with several Olympic Villages - without gigantism, without white elephants."

Referendum defeats ended Olympic bids including Polish city Krakow for 2022 and German city Hamburg for 2024.

The referendum in Tirol could take place on October 15.

"With a clear conscience, we now pass on to the population the decision whether the Innsbruck/Tirol region is to provide the International Olympic Committee with a self-assured offer for a redesigned Olympic Winter Games in 2026," Tirol's Government head Günther Platter said.

"I see good opportunities for Tirol, the city of Innsbruck and all venues to benefit from such sustainable Games. 

"In the coming days and weeks we would like to give everyone the opportunity to get detailed information about the contents of the feasibility study.

"After elaboration of our offer we will present this in August and discuss with all Tiroleans to give them an objective overview of the project. 

"We would like to interview the population on October 15, parallel to the national elections."

The Austrian Government gave its backing to a possible Innsbruck bid earlier this month.

The city has previously staged the Olympic Games on two occasions, in 1964 and 1976.

It stepped in to host the latter after original host city Denver withdrew following a referendum failure.

Innsbruck, the capital of Tirol - staged the inaugural Winter Youth Olympic Games in 2012.

If a bid is officially launched, Innsbruck will likely face European competition from Sion in Switzerland.

Calgary in Canada, Almaty in Kazakhstan, Sapporo in Japan and Erzurum in Turkey are other possible contenders. 

Innsbruck's Mayor Christine Oppitz-Plörer said: "The feasibility study provides a technical basis for decision-making, which will be assessed by the population. 

"Each individual will personally show a different assessment scale for major sporting events."

The study, carried out by OPROJEKT and AS+P with regional project partners Management Center Innsbruck and SOLID-Eventmanagement + Consulting GmbH, will be released in full tomorrow.