Games Jobs and Economic Benefits

The State Government blueprint for hosting the 2032 Olympic and Paralympic Games predicts economic benefits in the billions of dollars and jobs for the next 20 years.

The Value Proposition Assessment has been released ahead of a top-level leadership meeting of key partners in Brisbane.

The report identifies:

• $8.6 billion in increased export opportunities;
• Quantifiable economic benefits of $7.4 billion;
• $20.2 billion in international tourist expenditure;
• A range of unquantifiable community and health benefits including increased participation in sport and volunteering; and
• 80 per cent of venues already exist or could be delivered through temporary solutions.

It also points to the creation of 130,000 direct jobs including 10,000 in the Games year plus tens of thousands of indirect jobs.

The 2032 Games would be held over three venue ‘hubs’ – Brisbane, the Gold and Sunshine Coasts but regional locations continue to be explored including:

-        Football preliminaries in Toowoomba, Townsville and Cairns as well as

-        Keel Boat Sailing in the Whitsundays with additional opportunities yet to be determined

-        Comprehensive whole-of-Queensland activation through pre-games training and trial competition as well as cultural and olympic events

-        Competition venues across 11 separate council areas providing legacy benefits across the region and the state

Venues

43 venues have been identified in the master plan footprint.

18 are outside Brisbane.

The final number is dependent on hosting strategies for football, basketball and volleyball preliminaries and optimising venue sharing opportunities.

The report identifies Games Organising Committee costs of $4.45 billion for the Games but these will be at no cost to Queensland, offset by:

• An International Olympic Committee contribution of at least $2.5 billion; and
• Revenues such as sponsorship and ticket sales

In addition to whole-of-State benefits, the report underlines opportunities specifically for regional Queensland including:

• $10 billion in international tourism spending;
• Procurement and supply chain opportunities for regional business;
• Training and hosting opportunities for international teams; and
• Participation in torch relay, cultural festivals and other games activities

Premier Annastacia Palaszczuk said she is determined a Queensland Olympics must be inclusive of the whole State.

“Two things I have said from day one: the benefits of these games must outweigh the cost and everyone has to share the excitement and the pride,” the Premier said.

The Value Proposition highlights the IOC’s ‘New Norm’ which makes hosting the games much cheaper while delivering economic benefits for the 10 years leading up the games and the 10 years after.

Commonwealth Games

The report highlights the economic benefits achieved from the 2018 Commonwealth Games which returned money to the government.

Those games generated a $2.5 billion boost to Queensland’s Gross State Product including a $1.8 billion economic boost to the Gold Coast.

It boosted tourism generating 1.3 million visitors who spent $1.1 billion in Queensland plus promoted export and foreign direct investment of $840 million, provided contracts worth $14 million to Aboriginal and Torres Strait Islander businesses and encouraged 200,000 participants in more than 100 healthy and active lifestyle initiatives.

2032 Olympic and Paralympic Games – Value Proposition Assessment https://www.premiers.qld.gov.au/publications/categories/reports/assets/2032-olympic-paralympic-games-vpa.pdf

ENDS

Media contact:

Shane Doherty – 0439 624 473