1/10/2000. Nikki Webster. Closing ceremony. 2000 Olympic Games. Sydney Olympics. Day 16. Flame.
1/10/2000. Nikki Webster. Closing ceremony. 2000 Olympic Games. Sydney Olympics. Day 16. Flame.

Why 2032 Olympics are Qld’s to win

WHITE elephants and Olympics debt hangovers are dead under the new rules for winning the Games, according to the IOC.

"New Norm" reforms to the IOC under Thomas Bach and his Australian deputy John Coates have reversed winning the Games from the glitziest pitch with the biggest dollar spend to showing how the event can be held as close to cost-neutral as possible.

Australian Olympic Committee President John Coates AC and International Olympic Committee President Thomas Bach. Picture: AAP/Bianca De Marchi
Australian Olympic Committee President John Coates AC and International Olympic Committee President Thomas Bach. Picture: AAP/Bianca De Marchi

"The aim is for Games' operational budgets to come at no cost to local taxpayers," Coates told The Courier-Mail's Future Tourism event earlier this year. "Under these reforms, the Games adapt to the city, not the city to the Games.

"For the PyeongChang Olympic Winter Games in February 2018, organisers were able to release more seats for the public to keep fans front and centre and eliminate the secondary international broadcast centre - real ­tangible changes. Thanks to the New Norm, these Games produced an operational budget surplus of $US55 million.

"For Tokyo 2020, we have already saved $US4.3 billion through the New Norm - utilising existing and temporary structures, shortening rental periods and optimising test events. The

What an Olympic Stadium in Brisbane could look like.
What an Olympic Stadium in Brisbane could look like.

Tokyo 2020 Games has an operational budget of $US5.6 billion and will pay for themselves, with $US1.6 billion contributed by the IOC, $US800 million revenue from ticketing, $US100 million from licensing and $US3.1 billion from national sponsors, to date.

"Under this new approach, 80 per cent of venues already exist in Tokyo, with over 90 per cent for both Paris 2024 and Los Angeles 2028."

Early planning has found Brisbane and southeast Queensland have 80 per cent of venues already in place, and that the operational budget for the Games would be covered by the $US1.8 billion IOC grants and ticket sales.

With southeast Queensland the only region in Australia with the climate, population and sporting infrastructure suitable for a Games in the July-August broadcast window, Coates said it was Queensland's to win. He said that SEQ had already received good marks under the "New Norm" regime, including.

having much of the necessary sports venue infrastructure

current and proposed transport projects that are needed to address the region's growth

for willing to guarantee a significant economic legacy before the Games begin in terms of employment and growth

because no Games-specific expenditure is required

initial financial planning indicates the Games will be cost-neutral to SEQ

significant legacy opportunities and no apparent disadvantages to the regional approach, including the potential for preliminary competition rounds for team events in sports such as football, hockey, basketball and volleyball held in Cairns and Townsville that already have a strong history and culture in those sports.

News Corp Australia

University of Southern Queensland's top courses revealed

premium_icon University of Southern Queensland's top courses revealed

USQ has revealed its most popular courses for 2020

'Hypocrisy': Foreign milk chosen over Qld dairy farmers

premium_icon 'Hypocrisy': Foreign milk chosen over Qld dairy farmers

A ‘HYPOCRITICAL’ State Government has been slammed for awarding a major contract to...

Woman’s brutal puppy scam destroys child’s birthday

premium_icon Woman’s brutal puppy scam destroys child’s birthday

Ipswich woman tricks people with fake online ticket and puppy sales