All you need to know about Olympic bid

Southeast Queensland’s bid to host the 2032 Olympic Games is moving quickly, but there are key facts you need to know. READ THE Q&A.

SOUTHEAST Queensland’s bid to host the 2032 Olympic Games is moving quickly, but there are key facts you need to know.

WHAT HAPPENED THIS WEEK?

Important rule changes passed by the International Olympic Committee mean that a proposal to host the 2032 Games can be approved as early as next July, rather than seven years out from the event, with the IOC working with the proponent rather than the traditional “tender’’ approach.

They also mean regions such as southeast Queensland can host Olympics, instead of individual cities.

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WHO WOULD MAKE THE BID?

The formal bid would be submitted by the Australian Olympic Committee.

But it will do so only if there is full support from the State and Federal governments and SEQ Council of Mayors, and dependent on a commitment from all three to deliver the public transport and road infrastructure the region needs for its population growth over the next two decades.

HOW MUCH WOULD A BID COST?

It is estimated that a formal candidacy under the new streamlined process would cost about $10 million – a quarter of the cost under the old model.

HOW MUCH WOULD AN OLYMPICS COST?

The event would cost $5.3 billion to stage.

IOC President Thomas Bach has publicly stated the operation of the 2032 Games will be cost-neutral, thanks in large part to a long-term multi-billion deal with American broadcaster NBC.

Existing venues would be used wherever possible, supplemented by temporary ones and those where a future non-Olympics needed has already been identified.

WHAT HAPPENS NOW?

The SEQ Mayors are behind a bid and the Morrison government has promised $10 million towards it so all eyes are now on the State Government which has yet to decide its position.

It has been asked by the mayors to conduct a full economic evaluation of an Olympics and a leadership group comprising AOC president John Coates, Premier Annastacia Palaszczuk and Lord Mayor Adrian Schrinner will continue discussions and work on fine-tuning the feasibility report/masterplan commissioned by the Mayors.

Simultaneously, work will continue between the three levels of government on details of a City Deal to prioritise and fund billions of dollars of infrastructure needed to support the booming population.

Brisbane Lord Mayor Adrian Schrinner and his counterparts in other southeast Queensland councils are behind the bid for the 2032 Olympic Games. Picture: Annette Dew

WHAT IS THE TIMEFRAME?

The AOC wants a firm commitment from state, federal and councils by the end of this year.

It will then finalise a proposal to present to Future Hosts Commission, either just ahead of the Tokyo Olympics in July 2020 or the IOC session in Athens the following year.

If approved, a southeast Queensland Olympics organising committee would co-ordinate planning of the event for more than a decade.

The suggested Games dates are August 13-29, 2032 for the Olympics and October 5-17 for the Paralympics.

WHERE WOULD EVENTS BE HELD?

Existing, temporary and future venues have been earmarked right across southeast Queensland and in regional centres such as Cairns and Townsville.

ARE THERE OTHER LIKELY BIDDERS?

The IOC last week lifted a ban on India, which has said it will definitely bid but has not yet decided which city or area would be the potential host.

A collection of 13 cities in the Rhine-Westphalia region of Germany are expected to bid.

Indonesia has formally flagged its intention and there is a possibility of a joint North-South Korea bid.

However, the feasibility and planning work done in SEQ means we are far more advanced than any competitors and in prime position.