2032 Brisbane Olympics bid: 5 things you need to know

The 2032 Brisbane Olympics bid has been in the headlines recently; the prospect of another Australian Olympics is exciting for many Australians, given our national love for sports and globally renowned athletes.

The first Olympic Games in Australia were held in Melbourne in 1965, 44 years later, the Games returned for the Sydney Olympics 2000.

With 2032 not too far away, many are curious – will the Games come to Australia’s 3d largest city – and what are the wider impacts the Games may have?

Here are 5 things you need to know about the bid for a 2032 Brisbane Olympics:

1. 2032 Olympics: Queensland

With headlines spotlighted on Brisbane’s 2032 Olympic bid, it is important to note that the 2032 Australian bid is not made by Brisbane alone. More accurately, Australia’s 2032 Olympic bid will be made by Queensland. With Brisbane, Gold Coast and the Sunshine Coast to be the centre of activity, events would also be held in Townsville, Cairns and the Whitsundays.

Queensland’s plan to diversify the Olympic Games increases the likelihood of winning the bid, as the IOC (International Olympic Committee) tend to look for candidates who will benefit from the Olympics post-event.

2. 80% of stadiums are already ready to go

Queensland Premier, Annastacia Palaszczuk pointed out last December that 80 per cent of the venues required for the Olympic Games are ready to go in Queensland. Her statement references the recent 2018 Commonwealth Games held in the Gold Coast and surrounds, for which sporting venues, stadiums and infrastructures have already been developed.

Furthermore, the Gold Coast 2018 Commonwealth Games was declared a total success by the Cold Coast Commonwealth Games Corporation – a factor that would work in favour of Queensland’s Olympic bid. Griffith University also estimates that the Commonwealth Games alone provided a $2.5 billion boost to the Queensland economy.

It is also important to note that these existing developments are not remaining idle post-Games, but are currently being fully utilised by local communities. As the IOC and Olympic Games moves towards sustainable development, Queensland’s strong sporting infrastructure and capability to utilise existing developments will become a major advantage in favour for Queensland’s 2032 Olympic bid.

 

 

3. Who are Queensland’s bidding competitors?

Like any year, the 2032 Olympic Games will face multiple bidders all vying to play host. Potential bidders alongside Queensland include South & North Korea, Germany, Egypt, Jakarta, Shanghai, New Delhi and Mumbai.

 

Among these competitors, South & North Korea’s joint bid faces fears of its current social and political environments, whilst Germany’s proposal to host the Games across 13 cities seems unlikely given 2024’s Olympic Games are also being held in Europe (Paris). As a result, Queensland remains highly competitive as a first-ballot option, which even has support from IOC President Thomas Bach who claimed that Brisbane’s feasibility and research study perfectly reflects the requirement of the IOC. With this in mind, the 2032 Olympic Games is perhaps Queensland’s to lose.

4. How would winning the bet impact Queensland, Brisbane and the Gold Coast?

The Olympic Games has always invited sceptics about its economic benefits, but for Queensland, the 2032 Olympics is perfectly timed with current multi-billion pipelines covering Queensland’s transport, tourism and residential infrastructure. In addition, the bid’s masterplan also reveals that if successful, Queensland will develop additional athlete villages, rapid rail network from Brisbane to Gold Coast and a second M1 Highway, all of which would provide longer-term benefits to residents in Australia’s 3rd largest city.

A Government study has predicted that the Olympics could generate up to 129,000 jobs in tourism, hospitality and construction and see a $20 billion uplift in tourism from 2021-2036. Similarly, like Sydney’s 2000 Olympic Games, which put the city on the map, Queensland’s successful bid for the Olympic Games will greatly impact Queensland’s economic landscape in the long term and dramatically speed up the region’s development process.

More articles

Want to stay ahead of the rest?

Subscribe to our monthly newsletter: all the major property news, research, insights, strategies and investor stories in our monthly newsletter.

Contact us
All
Employment Enquiry
All
All
.docx,.rtf,.doc,.pdf fiel extensions are only allowed.
.docx,.rtf,.doc,.pdf fiel extensions are only allowed.