The Australian Olympic Committee (AOC) has welcomed today’s announcement by the Federal and Queensland Governments on legacy infrastructure projects that will benefit Queenslanders and Australian sport for generations to come.
The Queensland Government will fund the $2.7 billion redevelopment of the Gabba while the Federal Government will provide $2.5 billion for the Brisbane Arena development. Sixteen new or upgraded venues will receive close to $1.87 billion in co-funding on a 50/50 basis between the two governments.
AOC Chief Executive Officer Matt Carroll says the Brisbane 2032 Summer Games are the first Games to benefit from the International Olympic Committee’s New Norm arrangements.
The New Norm focuses on using existing facilities while any new venues must demonstrate a lasting community legacy.
“This funding agreement is great news and I congratulate both governments. The redevelopment of the Gabba is certainly welcome for the Olympics, but importantly it will be hosting major international and domestic sport long well before the Opening Ceremony on July 23rd, 2032. And, of course, for decades after the Games,” Mr Carroll said.
“Equally, the Brisbane Arena development in the Roma Street precinct will provide a wonderful venue for swimming, but it’s proposed as a long-term convention, entertainment, and indoor sports facility.
“This fits exactly into the New Norm model. Some 85% of Games venues already exist, while these new facilities offer lasting benefit to south-east Queensland.
“From the outset we have emphasised that the Olympics will be a catalyst for much needed community infrastructure, while bringing lasting benefits for tourism, jobs, economic growth and lifestyle benefits.
“With today’s announcement, we are seeing the New Norm in action and another chapter written ahead of a wonderful Games in 2032. Right now, we are enjoying the green and gold runway of big international sports events ahead of the Brisbane Games.
“The green and gold runway is about sport demonstrating its capacity to inspire Australians to get active and enjoy the great health benefits that sport delivers so well. Bringing communities together and motivating Australians to live healthier lifestyles. A healthier, happier Australia will be the great legacy of these Games,” Mr Carroll concluded.
