Queensland Premier – Annastacia Palaszczuk has revealed that the government will spend more than $1 billion should Brisbane win the hosting right for the 2032 Olympic Games.
Palaszczuk made this known on Tuesday after receiving cabinet approval for the bid.
According to the Queensland Premier, the Gabba, the games’ proposed main stadium needs to be expanded by 8,000 capacity to take the total capacity to 50,000.
She added that a new pedestrian plaza will link the stadium to the Cross River Rail station, which is under construction.
“We’ve hosted the AFL here, we’ve hosted cricket here, but for the Olympics, this is front and centre – opening and closing ceremonies, athletics, you name it, it’s going to be the best,” she told Nine’s Today program.
The Gabba was built in 1895 and has undergone two substantial renovations and refurbishments since 1993.
The last major redevelopment was completed in 2005 when a 24-bay grandstand built for $128 million.
The Gabba’s public, corporate and media facilities also received a $35 million upgrade in 2020.
The International Olympics Committee named Brisbane as its preferred host city in February.
But a final decision rests on detailed discussions with Games chiefs and key commitments from the federal government.
Games would bring 130,000 jobs to QLD
Australian Olympics Committee president John Coates addressed cabinet on Monday, where MPs formally endorsed Brisbane’s candidacy.
“This is still contingent on guarantees that need to be received from the federal government,” Ms Palaszczuk stressed on Monday.
She has had a discussion with Prime Minister Scott Morrison and more talks will occur in the coming weeks.
“We are basically doing years and months of work in a very short time frame to meet the deadlines the IOC has set us,” she said.
The state needed the boost the games would bring, including 130,000 jobs.
“It gives us hope, after going through the pandemic. It gives us hope for the future,” the premier said.
Last month, he told the IOC the Australian government was firmly behind Brisbane to host the games.
But Brisbane is not without rivals.
Earlier this month, South Korea said Seoul had submitted a proposal to host the 2032 games, despite Brisbane’s frontrunner status.