South-East Queensland is preparing a bid to host to the 2032 Olympic Games in Brisbane.
The cost of hosting the 35th Olympics Games will be an astronomic Australian $ 900 million, reveals the ‘18-month feasibility study’.
Released yesterday (Friday) jointly by the Mayors from the South-East Queensland region, the study provides and assessment of the cost for hosting the Games in 2032 if Brisbane wins the bid.
The cost will still be lower than the amount spent on hosting the Gold Coast Commonwealth Games last year, Brisbane Lord Mayor and SEQ Council of Mayors chairman Graham Quirk has told ABC Radio Brisbane. “An Olympic Games would set a catalyst, a line in the sand as to when infrastructure needed to be built by,” he said.
Queensland Premier Annastacia Palaszczuk has said cost will be a major factor. “We have a tight budgetary situation that the Treasurer is well aware of and we have to give it due consideration,” she said. “Let’s see how much the Federal Government put in to that Sydney Olympics bid and let’s have a look at the proposal.”
To have adequate transport arrangements, stadia and hotels for hosting the Games and managing the influx of people will be the main area of concern.
The city, according to the report will need at least 81,000 rooms to house at least one lakh visitors and another 15,000 athletes. This will mean an additional requirement of over 62,000 rooms.
Another major shortfall is the need for an Olympic-sized stadium, despite the report identifying 28 existing (or 60 per cent) of venues across south-east Queensland which do meet requirements.
Brisbane would be the predominant hub, accounting for some 53 per cent of the venues.