Olympics, Billion-Dollar Projects Brighten Brisbane Outlook

Olympics, Billion-Dollar Projects Brighten Brisbane Outlook

SHARE THIS POST

Share on facebook
Share on google
Share on twitter
Share on linkedin
Share on email
Share on whatsapp

Hosting the 2032 Olympic Games, along with a swathe of major projects and infrastructure, could play a critical role in Brisbane’s recovery from the coronavirus pandemic.

With the largest local authority in the southern hemisphere, Brisbane is well-positioned post-pandemic with $20 billion worth of major development on the way and $49.5 billion committed to transport infrastructure.

Major development projects include the $5.4 billion Cross River Rail, $3 billion Queen’s Wharf casino and the Brisbane Airportredevelopment.

The region, home to one in seven Australians, has put its hand up to host the 2032 games—the first location to announce it would bid for the $5 billion-plus games, under new rules that allow a region, rather than a city, to host the event.

“There is already a need for jobs and growth in the Queensland economy arising from the impact of Covid-19,” Australian Olympic Committee president John Coates said.

▲ An early concept of an Olympic stadium in Brisbane. Image: Urbis
▲ An early concept of an Olympic stadium in Brisbane. Image: Urbis


“Our partner three levels of government recognise a potential 2032 Olympic and Paralympic Games as a critical part of the state and nation’s economic recovery in the short term, quite apart from all of the long-term health, wellbeing, economic and sporting legacies.”

Brisbane deputy mayor Krista Adams, Brisbane Marketing chief executive Brett Fraser, ASM Global Asia Pacific chief executive Harvey Lister and Brisbane Marketing chairman Paul Spiro will discuss the key projects and initiatives driving Brisbane post-pandemic, at The Urban Developer’s upcoming Brisbane Reimagined webinar.

Panellists will touch on major economic priorities and their impact on the property sector as well as recent changes to the City Plan and the impact on the property sector.

This event is a must for anyone invested or considering investing in the greater Brisbane region.