National

Qld to pursue 2032 Olympic Games bid

By AAP Newswire

Queensland will pursue hosting the Olympic and Paralympic Games in 2032.

Premier Annastacia Palaszczuk's cabinet on Monday gave the green light for the state government to officially bid to bring the Games to Australia for the first time since Sydney in 2000.

"We do have the capability to do this if we get everything right," she told reporters on Monday.

The cost of preparing for and hosting the international sporting event is unclear, but that will be worked out between local, state and federal governments over the next six months.

The International Olympic Committee would stump up $US1.8 billion ($A2.6 billion) towards the operating costs.

Ms Palaszczuk said securing the Games could net $7.4 billion in economic benefits for the state, accelerate infrastructure development, create about 130,000 jobs and open up new trade opportunities.

But previous Games have been a financial burden for host cities, with Los Angeles in 1984 the only one to turn a profit since the 1970s.

The NSW auditor-general said the Sydney Games cost the public around $2 billion.

London's 2012 Olympics generated $5.2 billion compared to the $18 billion shelled out in costs after its projected expenditure blew out three-fold, while several cities have backed out of recent bids over cost concerns.

Queensland already has about 80 per cent of the sporting infrastructure needed to host Games events, however spaces to hold an athletes village and a media village are yet to be finalised.

Options include upgrading Brisbane's QEII stadium or transforming the Albion Park raceway, with the potential for an opening ceremony at an upgraded Gabba.

The announcement was welcomed by Australian Olympic Committee president John Coates.

"Hosting an Olympic Games these days is a very different beast," he said.

"The 'new norm' changes announced in 2018 ensure future hosts use existing facilities or temporary facilities.

"If there's a lasting sport and community benefit, then new facilities can play a part, but the focus is on delivering a Games that is cost-effective and flexible."

A successful bid could result in 11,000 athletes from 206 countries descending on Queensland from 23 July to August 8, 2032, with 3.2 billion people tuning in around the globe.

Ms Palaszczuk has suggested regional towns could act as training camps for international teams arriving for the Games, or host lead-up events.

She said Prime Minister Scott Morrison was more than supportive of the push for a bid during a meeting last week.

Federal sports minister Richard Colbeck said bringing the Olympics to Australia would motivate young and older Australians to get active and engage in more sport.