New Brisbane Olympics funding deal likely within weeks

The Age

4 hours ago

A new funding deal for the 2032 Brisbane Olympic Games will likely be announced within weeks, after a radical change in venue delivery forced a renegotiation.
The former $7.1 billion federal and state agreement was based around a Gabba rebuild and a Commonwealth-funded arena at Roma Street in the CBD.
It had to be renegotiated when the Crisafulli government instead backed a privately built Gabba Arena on the GoPrint site, with the main Olympic stadium confirmed for Victoria Park.
'The discussions … are incredibly positive,' Queensland sports minister Tim Mander said during a visit to the Queensland Sport and Athletics Centre, which would have been the centrepiece 2032 venue under the former state Labor government's delivery plan.
'I'm very confident that an agreement will be made shortly.'
Standing alongside Mander, federal counterpart Anika Wells said: 'I agree with Tim that this is a matter that you will hear from us on soon.'
'We understand that people want to see us get on with this' she said.
'We understand that people want to see work advance as quickly as possible.'
Neither clarified a timeline, but sources at both levels of government have told this masthead an announcement is likely, but not guaranteed, within the next month.