The Queensland Government has invested $10 million into an assessment plan for the 2032 Olympic Games and Paralympic Games.

Premier Annastacia Palaszczuk will chair a cross-government Taskforce preparing a detailed study of exactly what a 2032 Olympics and Paralympics would look like.

The Premier said hosting the games could be the “greatest thing that ever happened in Queensland”.

“Imagine all levels of government, business and the community united behind the single goal of a Queensland Olympics,” she said.

“They’d be the best ever. There are many benefits to hosting these games but I want to make sure we know the costs as well.”

Assessing the value of the 2032 Olympic Games 

The value proposition study will assess the venue and village master plan and transport infrastructure required for the games and assess the economic viability and cost-benefits.

The Taskforce will also determine funding sources, including contributions from federal, state and local government as well as private sector,  and determine the overarching value proposition of a 2032 Olympic Games and Paralympic Games.

The Premier said a recent decision by the International Olympic Committee allowing a bid from a region rather than a city was “game-changer”.

“This next stage will allow an Olympics that is inclusive of Queensland,” she said.

“We delivered a Commonwealth Games that got the world’s attention, that was inclusive of cities outside the Gold Coast such as Townsville and Cairns and we delivered them on time and under budget.”

The cost of the study is estimated at $10 million but will largely be delivered ‘in kind’ by existing staff and resources with a minimum of specialist consultants.

It matches $10 million provided by the Federal Government and will build on studies already conducted by the south east Queensland Council of Mayors.

“Competing in a world class sporting event is all about teamwork and preparation,” said Palaszczuk.

“So is delivering a successful bid.”