The Queensland and federal governments have reached a $7 billion funding agreement for an overhaul of Brisbane's sporting and event venues ahead of the 2032 Olympics, including rebuilding the Gabba.
The federal government will support other Olympic venue projects ahead of the 2032 GamesPrime Minister Anthony Albanese is travelling to Brisbane today and is set to announce the details of the plan alongside Queensland Premier Annastacia Palaszczuk.
Federal Sports Minister Annika Wells told ABC Radio Brisbane the state government and Commonwealth had agreed on a near-50:50 funding split. "It's almost exactly a 50:50 split when it comes to the money that we'll be investing across these two venues, but also the 19 other venues that are going to get built or upgraded."
"We felt as the Australian government that we wanted to contribute something to Brisbane that was iconic and that would not have happened but something as momentous as an Olympic and Paralympic Games and for us, that was Brisbane Live," she said."We wanted to leave an iconic piece of history that Brisbane taxpayers could point to and say: 'we would not have had that but for hosting the Games.
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