The Commonwealth has agreed to contribute just under half the cost of building the 2032 Olympic Games venues, under a deal struck with the Queensland government.<\/p>\n
The federal government will provide no more than $3.43 billion towards the building of 17 new and upgraded venues for the Games, with the infrastructure expected to cost $7.1 billion in total.<\/p>\n
A significant proportion of that contribution will be spent on the new 63,000-seat stadium at Victoria Park and 25,000-seat National Aquatic Centre in Spring Hill.<\/p>\n
<\/p>\n
The agreement includes a stipulation that a plan be developed to improve access to green space at Victoria Park. (ABC News: Mark Leonardi)<\/p>\n
Governments to share naming rights<\/p>\n
The Intergovernmental Agreement (IGA) gives the Commonwealth seats on the Brisbane 2032 Organising Committee Board and is contingent on the state government developing a plan for Victoria Park which has a “focus on improving access to green space”.<\/p>\n
“We can guarantee you that every part of Victoria Park that’s not stadium will be green space,” Queensland Minister for Sport Tim Mander said.<\/p>\n
Bid to to derail plans to build Olympic venue in Brisbane<\/a><\/p>\n An application to prevent the development of a 63,000-seat Olympic stadium at Brisbane’s Victoria Park has been lodged with the federal government.<\/p>\n The Queensland government has also agreed to involve its federal counterparts in naming the Victoria Park stadium and will establish a plaque at the venue acknowledging Commonwealth support.<\/p>\n It has long been International Olympic Committee policy that brand names be kept off venues used for the Games.<\/p>\n However, the Los Angeles 2028 Olympic Games organisers recently announced they were breaking with that policy and allowing companies to sponsor stadiums and arenas.<\/p>\n