The cost of a new Brisbane Olympic stadium at Victoria Park has been estimated at $3.4 billion, but the cheapest option presented to the Queensland government was just $800 million less. READ THE FULL REPORT
The cost of a new stadium at Victoria Park has been estimated at $3.4 billion, but the cheapest option for a Brisbane Olympic stadium presented to the Queensland government was just $800 million less – and the city would effectively gain nothing from it.
“It is important to note that this investment would not improve the capacity or functionality of the stadium, nor would it materially enhance spectator or stadium user experiences,” the report finds. That price tag would be partially offset by the saving of up to $360 million, which would have been needed to address the displacement of cricket and AFL during the Gabba rebuild. Under the Victoria Park option, both sports would remain at the Gabba until after the Games, when they would move into the new stadium.As for QSAC, $1.6 billion would be needed to demolish and replace the permanent western stand and build a podium for temporary stands during the Olympics.
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