What will it cost for Brisbane to host the 2032 Olympic Games ... and will a new Brisbane Olympic Stadium be built?

While Brisbane has emerged as preferred host for 2032 Olympics, IOC questions whether proposed new Olympic stadium is needed.

Lang Park (bottom right) will host football matches if Brisbane wins the rights to host the 2032 Olympics. Picture: Mark Calleja

What will a Brisbane 2032 Olympic and Paralympic Games look like? And who is going to pick up the tab?

The proposal presented to the International Olympic Committee showed the Queensland vision of an Olympic games spread across three main clusters: Brisbane with 21 venues, the Gold Coast with six venues and the Sunshine Coast with three venues.

Brisbane’s bid plan includes the construction of a new Brisbane Olympic Stadium to host athletics and ceremonies. But in Olympic documents, the IOC has suggested using the existing Carrara Stadium, which can hold 40,000 spectators, as a venue for the athletics as well as using the The Gabba, which can hold a similar number of people, specifically for the opening and closing ceremonies.

There was also a suggestion that the existing rowing and white water rafting venues used for the Sydney 2000 Olympics could be used for the 2032 Olympic competitions.

The IOC will now start more detailed discussions with the Brisbane 2032 Committee and the Australian Olympic Committee (AOC).

The Future Host Commission will maintain continuous dialogue with the other interested parties to further develop their projects. https://t.co/5Wiqc5UEMe

— IOC MEDIA (@iocmedia) February 24, 2021

Overall, it will cost $A4.45bn to operate the games, which will be privately-funded.

At least US$1.8bn of that money — $2.27bn, according to today’s exchange rate — would be provided by the IOC to Queensland Olympic organisers from the split of international broadcast fees. The rest would be made up of ticket sales, local sponsorship and merchandise sales.

In the IOC feasibility assessment of the Brisbane 2032 Olympics, Olympic officials noted the local sponsorship market was “mid-sized but developed” and that Queensland would have to “engage further” to deliver sponsorship targets.

Queensland’s state government assessed the economic benefits for the region in hosting the Olympic Games at an estimated $7.4bn, with 130,000 direct jobs and tens of thousands of indirect jobs created.

It was also calculated that the Games would promote tourism growth of $20.2bn between 2020 and 2036 and uplift trade exports by as much as $8.63bn.

Athletes will stay in one of two Olympic villages — a 14,000-beds Brisbane development that will be converted to housing after the Games, while existing hotels on the Gold Coast would supply a further 2000 beds.

We welcome this morning's announcement that the IOC have given the Brisbane candidature 'preferred host status' for the 2032 Olympic Games. 👉 https://t.co/KeFv23ljNhpic.twitter.com/jY7948PtYe

— AUS Olympic Team (@AUSOlympicTeam) February 24, 2021

The world’s broadcast and media would be based in a temporary facility at Albion in Brisbane.

At the moment, the venues slated to host Olympic competitions are:

■ Lang Park: Football and rugby
■ Ballymore Stadium: Hockey
■ Brisbane Olympic Stadium (new): Athletics and ceremonies
■ Brisbane indoor sports centre: Basketball
■ Brisbane Showgrounds: Equestrian
■ Victoria Park: BMX
■ Brisbane Arena (new): Swimming
■ South Bank buster: Archery and 3x3 basketball
■ Brisbane convention and exhibition centre: Table tennis, fencing, Taekwondo, badminton
■ Brisbane aquatic centre: Diving, artistic swimming, water polo
■ Brisbane International shooting centre: Shooting
■ Anna Meares Velodrome: Track cycling, BMX racing
■ Chandler indoor sports centre (new): Gymnastics
■ Royal Pines Resort: Golf
■ Broadwater Parklands: Triathlon, aquatics
■ Coomera Indoor sports centre: Volleyball
■ Broadbeach Park stadium: Beach volleyball
■ Gold Coast Convention and Exhibition Centre: Volleyball, weightlifting
■ Whitsunday Islands: Sailing
■ Sunshine Coast Mountain Bike Park: Mountain bike
■ Sunshine Coast Convention and Entertainment centre (new): Basketball
■ Alexandra Headland: Cycling, athletics, sailing
■ Ipswich stadium, Gold Coast stadium, Sunshine Coast stadium, Toowoomba sports ground, North Queensland Stadium, Barlow Park (Cairns), Sydney Football Stadium and Melbourne Rectangular Stadium will be also used for football matches.