South East Queensland (SEQ) could be set to submit a region-wide bid for the 2032 Olympics after a feasibility study highlighted the benefits the Games could bring to the region.
The study, commissioned by SEQ’s Council of Mayors, indicated that a bid could generate significant benefits to regional infrastructure, and would be based on the use of existing and planned facilities, in line with the IOC’s “New Norm” reforms.
The “New Norm” offers prospective hosts the flexibility to design their Games solution to achieve maximum alignment with their own long-term plans and encourages region-wide bids that make use of existing sports infrastructure.
The SEQ masterplan envisions Brisbane as the anchor city for the bid. Under the plans it would provide 21 venues, while the Sunshine Coast and Gold Coast would each provide five facilities, Ipswich and Toowoomba two, and Redland, Moreton Bay and Logan council areas providing one venue each.
The study states that the operational budget for the Games would be AUD$5.3bn (€3.3bn/$3.7bn) and projects domestic revenues of AUD$2.7bn. IOC contributions would also serve to offset the cost to the tune of AUD$1.7bn. The study claims this would result in a net operating cost for an Olympic and Paralympic Games of AUD$900m, cheaper than the AUD$1.2bn cost of Gold Coast’s staging of the 2018 Commonwealth Games.