Australian governments agree funding split for 2032 Olympics

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Australian governments agree funding split for 2032 Olympics
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The Australian federal and the Queensland state government have agreed on an almost 50-50 funding split to build or remodel venues for the 2032 Brisbane Olympics.

The federal and the Queensland state government have agreed on an almost 50-50 funding split to build or remodel venues for the 2032 Brisbane Olympics.

The federal government will create a new 17,-000 indoor arena at Roma Street, the city's main public transport hub, and contribute to other stadium and venue refurbishments. The state government will be responsible for demolishing and rebuilding the Gabba, which will be the main stadium for the Olympics. The Gabba is the long-time home of cricket in Queensland state.

The International Olympic Committee awarded the 2032 Games to Brisbane in July 2021 under a revamped procedure for choosing host cities in which a small group of IOC members identify and propose host cities to the board. That made Brisbane next in line after Paris and Los Angeles, giving local organizers more than a decade to prepare.

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