The Australian Government has agreed to allocate almost $3.5 billion to the Brisbane 2032 Olympic Games Venue Infrastructure Program.
‘abc.net.au’ stated that the agreement, signed by the Queensland and the Federal Governments, will help fund 17 new and upgraded venues across the State.
The 2032 Summer Olympics, officially the Games of the XXXV Olympiad and also known as Brisbane 2032 or Bris2032, is an upcoming international multisport event scheduled to take place from July 23rd-August 8th, 2032 with Brisbane, Queensland, Australia, as the main Host City.
What’s Next?
‘abc.net.au’ further stated that a stakeholder engagement plan is set to be developed to improve access to the Green space around Victoria Park after the 63,000-seat stadium is built.
The 10,000-capacity Victoria Park is a sports venue in Abbotsford, a suburb of Melbourne in Victoria, Australia. The stadium is oval-shaped and was built to host Australian Rules football and cricket matches. In the past the Victoria Park featured a cycling track, tennis courts and a baseball club that once played curtain raisers to the football matches.
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.
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.
A significant proportion of that contribution will be spent on the new 63,000-seat stadium at Victoria Park and the 25,000-seat National Aquatic Centre in Spring Hill in Queensland, Australia.
Governments to Share Naming Rights
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 the Victoria Park which has a “focus on improving access to the green space”.
Stated Tim Mander, Queensland Minister for Sport, “We can guarantee you that every part of Victoria Park that’s not stadium will be green space.”
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 (a voluntary association of 56 independent countries, mostly former British colonies, working together to promote democracy, human rights, peace, and development) support.
It has long been the International Olympic Committee (IOC) policy that the brand names be kept off the venues used for the Games.
The International Olympic Committee (IOC) is the international, non-Governmental, sports governing body of the modern Olympic Games. Founded in 1894 by Pierre de Coubertin and Demetrios Vikelas it is based in Lausanne, Switzerland. The IOC is the authority responsible for organizing the Summer, Winter and Youth Olympics.
However, the Los Angeles 2028 Olympic Games organizers recently announced they were breaking with that policy and allowing the companies to sponsor the stadiums and the arenas.
The 2028 Summer Olympics, officially the Games of the XXXIV Olympiad and commonly known as Los Angeles 2028 or LA 28, is an upcoming international multisport event scheduled to take place from July 14th-30th, 2028 in the United States. Los Angeles will be the Host City with various events also scheduled to be held at other Cities spread across the Greater Los Angeles area plus two subsites in Oklahoma City.
The Chair of the LA Games, Casey Wasserman, said the many millions of dollars these sponsorship deals bring in are essential for an Olympic Games which doesn’t have a Government as its primary funding source.
The IGA for the Brisbane 2032 Games also prevents the State Government from selling or offering long-term leases on the Olympic venues for 25 years unless the Federal Government agrees to it.
If they are sold or leased in the future the Federal Government will be entitled to a cut.
‘Get on with it’
Mander said the Queensland Government was required to demonstrate to the Commonwealth that the venues will be built on time and on budget and represent a good use of the taxpayers’ funds before the funding deal could be reached.
He said the IGA is an endorsement of that plan and demonstrates a spirit of cooperation which will help make the Games a success.
Added Mander, “There’s now no excuse. We’ve just got to get on with it and get stuff built.”
In total, 37 venues across 11 Queensland Cities will be used to host the 28 Olympic and 22 Paralympic sports.
However, which sports will be included in the Games won’t be determined until an International Olympic Committee (IOC) meeting next year leaving the Brisbane 2032 organizers having to create a venue plan without knowing exactly which sports they need to cater for.
Maintained Mander, “Of course, some of them will be blindingly obvious where they will be. There will be others that will need to be worked out.”
New sports can be added to each Olympic Games on top of the ‘core’ events.
At LA 2028 there will be six additional sports: Cricket, baseball, flag football, lacrosse, squash, and softball.
Mander said he didn’t expect to be adding as many as that to the Brisbane 2032 schedule – “It is important to know that any additional sports, outside the 28 core sports, those costs have to be borne by the host.”
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