Queensland Government ‘consider SCRAPPING the Brisbane 2032 Olympic Games’ after public backlash… but are warned pulling out will cost $500MILLION

The Queensland government is reportedly exploring the possibility of withdrawing from hosting the 2032 Olympic Games.

Brisbane is set to host the event in eight years, but politicians have faced backlash over stadium plans, which have seen an independent review propose abandoning a $2.7 billion rebuild of the Gabba Stadium in favor of the development of a new stadium with 55,000 seats. , at a cost of around $3 billion.

Queensland Premier Steven Miles rejected the controversial proposal, arguing he had hoped to find “a better value for money option”.

He added that no one “wants to see money spent on facilities that are only needed for four weeks” and was skeptical about the final cost of the project.

And now 9News has reported that the Queensland government has discussed the possibility of withdrawing from hosting duties altogether, in a move that would send shockwaves through the sporting world.

Row over stadiums erupts with politicians unwilling to shell out billions for development

But withdrawing will cost Steven Miles’ government at least $500 million.

However, after being informed that this would cost around $500 million in compensation. Additionally, $3 billion in federal government funding would be withdrawn.

As a result, the government is focused on finding a solution to the stadium crisis after estimating that continuing the Games would provide better value for the taxpayer.

Key takeaways from the independent review include:

• The Queensland Government has accepted 27 recommendations from the review led by former Brisbane Mayor Graham Quirk.
• The most controversial suggestion involves scrapping a $2.7 billion plan to rebuild the Gabba in favor of creating a new 55,000-seat stadium inside Brisbane.
• The proposal would cost around $3 billion, including around $360 million in travel costs for the AFL and cricket teams, and would take three years to build.
• The review found the 42,000-capacity Gabba is “aging”, non-compliant with building codes and even if completely rebuilt would not be considered a “tier one” venue » because of its size.
• Where an alternative stadium is available, the Gabba should be demolished and the site redeveloped, the review recommends.
• Premier Steven Miles has ruled out the review’s main recommendation to build a new stadium at Victoria Park in central Brisbane.
• It will instead investigate improvements to the Queensland Sports and Athletics Center (QSAC) and Suncorp Stadium.

Government Miles says its plan “prioritizes community benefits while ensuring the coasts remain within the agreed funding package of $7.1 billion to be shared between the state and Commonwealth governments” .

“The government does not believe it would be possible to build a new stadium at Victoria Park within the agreed funding, and the IOC has noted that a new stadium for the Olympic and Paralympic Games is outside the “new standard” of using existing stadiums or Paralympic venues already planned,” he said.

“The government is therefore ruling out the possibility of a stadium at Victoria Park, preferring instead to study improvements to QSAC and Suncorp.”