Modelling shows that even before the announcement, Brisbane’s economy is set to grow from $182 billion to $217 billion over the next decade, a figure which is sure to rise as the Olympics buzz reaches fever pitch.
The city predicts an employment boom across the region by the time the Brisbane 2032 Games action begins. Major industries, including construction, health care, and food and beverage manufacturing are expected to increase significantly, with the boom flowing through to emerging sectors including METS (mining, equipment, technology and services) and property technology as the Olympic spotlight shines on Brisbane’s business opportunities.
Lifestyle will also be a key selling point – and not only our blue skies and warm weather.
In the past six years, 20 new luxurious hotels including W Brisbane, The Calile and Emporium South Bank have opened, providing more than 5,000 new rooms and additional meeting and event facilities.
South Bank, Howard Smith Wharves, Eagle Street Pier, Fish Lane and James Street in Fortitude Valley have developed new dining precincts that have made Brisbane an epicurean epicentre, while QPAC and QAGOMA have delivered world-class cultural events and performances.
And move over Melbourne – having hosted the 2020 AFL Grand Final, NRL Magic Round, World Science Festival and the PGA Golf Championship later this year, Brisbane will stake its claim as the sporting and major events capital.
Add to that a $15 billion infrastructure pipeline, major infrastructure projects including Brisbane Airport’s new parallel runway, the international cruise terminal, Queen’s Wharf, Brisbane Metro, Cross River Rail, new international aviation routes, and the Victoria Park redevelopment - Brisbane is on track to showcase to the world just how ready it is to become an Olympic city.
Check out the Brisbane 2032 Olympics Masterplan Bid Video showcasing 32 host venues planned within South East Queensland.