Revealed: Economic benefits Cairns will receive from 2032 Olympic Games

If Queensland secures the Olympics Games in 2032, Cairns will be due for an economic windfall.

• Jobs bonanza promised in lead up to a Queensland 2032 Olympics
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QUEENSLAND is in for a $35 billion jobs, export and tourism bonanza if it secures the SEQ 2032 Olympics, the State Government’s economic analysis of the bid shows.

The value proposition blueprint – which won the State Government over into backing the bid – shows an SEQ Games would open up an extra $8.6 billion in increased export opportunities statewide and create an extra, quantifiable economic benefit of $7.4 billion on top of that.

'Madame Butterfly' Susie O'Neill pictured for the Brisbane 2032 Olympic bid at Kangaroo Point. Picture: NIGEL HALLETT

The report also confirmed the Games’ Organising Committee costs could be delivered at no cost to the state, taking into account an International Olympic Committee contribution of $2.5 billion as well as revenues such as ticket sales and sponsorships.

“Significant benefits from the Games would disperse throughout regions such as Cairns over a two-decade window of opportunity,” Premier Annastacia Palaszczuk said.

Key opportunities for Cairns include:

■ Opportunities to attract international teams, training and events to the region ahead of and after the Games.

■ Hosting opportunities such as football prelims and pre-Games training, torch relay and community events.

■ A boost in international visitors and the ability to profile the destination to the world, procurement and supply chain opportunities for local businesses, and enhanced promotion of Aboriginal and Torres Strait Islander art and culture on the global stage

■ Business opportunities for authentic art products by Queensland’s First Nations artists.

Queensland Premier Annastacia Palaszczuk provided an update on Coronavirus at a press conference today following a Queensland Disaster Management Committee meeting this morning. 2nd February 2020 Brisbane AAP Image/Richard Gosling

Ms Palaszczuk said she was determined a Queensland Olympics must be inclusive of the whole state.

“Two things I have said from day one: the benefits of these games must outweigh the cost and everyone has to share the excitement and the pride,” the Premier said.

Member for Barron River Craig Crawford said the Games would allow Cairns and the Far North to showcase its unique advantages to the world.

“We have the Great Barrier Reef with access to some of the world’s best islands, Aboriginal and Torres Strait Islander culture and potential to attract new export and supply chain opportunities,” Mr Crawford said.

Member for Cairns Michael Healy said the Games would grow the Far North’s reputation as an events host.

“The 2032 Games is so much more than a few weeks of sport. It would stimulate the attraction of events to Cairns before and after the Games with perfect weather and international class venues for athlete training,” he said.

Originally published as Revealed: Economic benefits Cairns will receive from 2032 Olympic Games