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Deloitte Forecasts $70.7B Gain as Brisbane Locks in $7.1B Olympic Venue Plan

Scholars warn that strict spending oversight is needed to safeguard the Games’ promised economic windfall.

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Overview

  • The Going for Gold report by Deloitte Access Economics links the $70.7 billion forecast to coordinated public and private sector reforms aimed at boosting productivity and international investment.
  • Between 2032 and 2052, the Games are set to deliver a $39.5 billion uplift to Greater Brisbane, with Queensland’s regions and the rest of Australia poised to gain $19.3 billion and $11.8 billion respectively.
  • The venue blueprint confirmed by the Queensland government designates Victoria Park as the main hub featuring a 63,000-seat stadium under a A$7.1 billion joint funding agreement.
  • Organisers plan to follow the IOC’s ‘new norm’ by maximizing existing and temporary facilities to keep costs lower and minimise environmental impact.
  • University of Queensland academic Sheranne Fairley cautioned that Olympic budgets frequently overrun, posing a risk to the long-term economic legacy.