Latest news with #Sydney2000Games
Straits Times
15-07-2025
- Business
- Straits Times
Australian govt confirms A$3.4 billion funding for 2032 Brisbane Games venues
Brisbane was awarded hosting rights for the Games in 2021 but political wrangling over the venues meant the final plans were not decided until March this year. – The Australian government has confirmed that it will contribute A$3.435 billion (S$2.88 billion) towards the A$7.1 billion cost of building the venues for the 2032 Brisbane Olympics, clearing the way for the start of construction. Queensland taxpayers and private finance will provide the balance of the money for the 17 new and upgraded venues for the Summer Games under the funding deal announced by the state and federal governments on July 3. 'The Sydney 2000 Games left an incredible legacy and many Australians have memories that have lasted for decades,' Federal infrastructure minister Catherine King said in a statement. 'We are ready to deliver a Brisbane 2032 Games that will leave the same incredible legacy for Queensland. 'The Australian government's commitment of A$3.4 billion towards the Games venues is the single largest contribution any Australian government has made towards sporting infrastructure in this country.' Brisbane was awarded hosting rights for the Games in 2021, but political wrangling over the venues meant the final plans were not decided until March 2025. Organising committee chief Andrew Liveris welcomed the announcement as a 'significant shift in forward momentum'. 'I thank the Australian and Queensland governments for moving swiftly following the Australian government's recent return to office to agree on intergovernmental funding that will ensure physical works can get under way,' he said. Top stories Swipe. Select. Stay informed. Business MAS records net profit of $19.7 billion, fuelled by investment gains Business Singapore financial sector growth doubles in 2024, assets managed cross $6 trillion in a first: MAS Singapore $3b money laundering case: MinLaw acts against 4 law firms and 1 lawyer over seized properties Singapore Man charged with attempted murder of woman at Kallang Wave Mall Singapore Ex-cleaner jailed over safety lapses linked to guard's death near 1-Altitude rooftop bar Singapore Real estate firm PropNex donates $6 million to Community Chest for 25th anniversary Singapore Sengkang-Punggol LRT gets 15.8 per cent capacity boost with new trains Singapore 'Nobody deserves to be alone': Why Mummy and Acha have fostered over 20 children in the past 22 years The main stadium, which is estimated to cost A$3.7 billion, will be built in the city's Victoria Park and seat 60,000 during the Olympics, and 3,000 more for Australian Rules football and cricket matches after 2032. A new aquatics centre to host swimming will also be built nearby at an estimated cost of A$650 million. 'Today's landmark agreement is the beginning of a new partnership that sets the pathway to deliver 2032 as the best Games ever,' said Queensland's Deputy Prime Minister Jarrod Bleijie. We've also launched procurement on four key projects to kickstart the delivery of world-class venues in the delivery plan. 'I can also announce that we will start site investigations at Victoria Park for Australia's most exciting sporting precinct, which will be home to the new main stadium and the new National Aquatic Centre.' Liveris said in May that he did not think any ground would be broken on the two major new venues until the end of 2026. The federal government has already committed A$12.4 billion for local transport improvements that the Queensland government believes are necessary for 2032, the statement said. In other news, National Hockey League players will take part in the 2026 Winter Olympics in Italy for the first time in 12 years. In a meeting on July 2 at the International Olympic Committee headquarters in Switzerland, representatives from the NHL, the players' association, and the International Ice Hockey Federation (IIHF) executed an agreement confirming the players' participation next winter in Italy. The agreement also covers NHL players taking part in the 2030 Winter Games in France. 'This is a tremendous day for international ice hockey and for fans across the globe,' IIHF president Luc Tardif said. 'At the initiative of the IIHF, we have worked collaboratively with NHL and NHLPA in close collaboration with the IOC and Milano Cortina Organising Committee to make this a reality. Bringing the best players in the world back to the Olympic Games in 2026 is a major step forward for our sport.' NHL players last took part in the Olympics in Sochi, Russia in 2014. REUTERS
Perth Now
09-06-2025
- Perth Now
New theory on $150k Thorpie robbery
Ian Thorpe has allegedly been robbed by removalists. Following a sighting at a Sydney police station on Thursday, 2GB radio station broke the news that the former swimmer fell victim to a $150,000 robbery. 2GB host Ben Fordham revealed on Monday that the alleged suspects were removalists. 'He has had some things stolen from his house – watches, jewellery, some personal items,' Thorpe's manager James Erskine said on Friday. 'He called up his insurers, they said go and make a police report. 'Doesn't seem that there was a break-in.' Ian Thorpe was allegedly robbed of $150,000 worth of watches and jewellery. NewsWire/Gary Ramage Credit: News Corp Australia Thorpe was seen at Paddington Police Station on Thursday. On 2GB, Fordham said 'as part of the police investigation, officers are examining a removalist company'. 'Ian Thorpe is of the belief that his watches and jewellery went missing during a move,' Fordham said. 'Watches, jewellery and some other small, valuable items. He doesn't know how much they're worth, but his best guess is $150,000.' Thorpe is one of Australia's most decorated Olympians, claiming the most individual medals at the Sydney 2000 Games, aged just 17. NewsWire has approached Mr Erskine for comment.
West Australian
09-06-2025
- West Australian
Ian Thorpe allegedly robbed while moving house
Ian Thorpe has allegedly been robbed by removalists. Following a sighting at a Sydney police station on Thursday, 2GB radio station broke the news that the former swimmer fell victim to a $150,000 robbery. 2GB host Ben Fordham revealed on Monday that the alleged suspects were removalists. 'He has had some things stolen from his house – watches, jewellery, some personal items,' Thorpe's manager James Erskine said on Friday. 'He called up his insurers, they said go and make a police report. 'Doesn't seem that there was a break-in.' Thorpe was seen at Paddington Police Station on Thursday. On 2GB, Fordham said 'as part of the police investigation, officers are examining a removalist company'. 'Ian Thorpe is of the belief that his watches and jewellery went missing during a move,' Fordham said. 'Watches, jewellery and some other small, valuable items. He doesn't know how much they're worth, but his best guess is $150,000.' Thorpe is one of Australia's most decorated Olympians, claiming the most individual medals at the Sydney 2000 Games, aged just 17. NewsWire has approached Mr Erskine for comment.
Yahoo
03-06-2025
- Business
- Yahoo
‘Competing hard': Olympic house price battle
The Brisbane Olympics continue to loom as a potentially massive upward driver of house prices. Speculation is rife about just how much the Games will push up prices in Brisbane in particular. As soon as the long-awaited venues were confirmed in March, realtors began promoting their properties as within the 'Olympic precinct'. Finder research suggests 1.5 million people would be looking to buy in Brisbane between now and the 2032 Games. 'The ripple effect on the local property market, especially in Brisbane's inner and middle-ring suburbs, cannot be underestimated,' Australian Property Investor magazine said in April. Propertytology managing director Simon Pressley tempered the huge expectations this week though, downplaying estimates Brisbane house prices would double in the next seven years. 'No guarantee,' he told Channel 7 on Tuesday morning. 'Property markets are obviously very, very complicated. 'There's no precedent with past Olympic Games around the world that property booms always happen.' The Sydney 2000 Games did spark a property boom though, but the NSW economy and the monetary policy of the time were larger factors for the boom, Mr Pressley said. 'Broadly, for the whole state of Queensland, the outlook for its property market for the foreseeable future looks to be strong,' he said. 'Buyers are already competing very hard for a small volume of properties for sale.' The latest national figures show Brisbane's median dwelling value has increased 7.1 per cent in the past year to $918,000. Of the capital cities, only Perth prices have gone up more in the past 12 months. Regional South Australian prices have shot up the most. In March, the Queensland government unveiled plans for a new Olympics precinct in Brisbane. 'There's going to be a lot of construction obviously with various stadiums and arenas built all over the state,' Mr Pressley said. 'Skilled labour is going to be a big challenge for the Queensland government as well.' Error in retrieving data Sign in to access your portfolio Error in retrieving data
West Australian
03-06-2025
- Business
- West Australian
‘Competing hard': Brisbane Olympics house price battle looms
The Brisbane Olympics continue to loom as a potentially massive upward driver of house prices. Speculation is rife about just how much the Games will push up prices in Brisbane in particular. As soon as the long-awaited venues were confirmed in March, realtors began promoting their properties as within the 'Olympic precinct'. Finder research suggests 1.5 million people would be looking to buy in Brisbane between now and the 2032 Games. 'The ripple effect on the local property market, especially in Brisbane's inner and middle-ring suburbs, cannot be underestimated,' Australian Property Investor magazine said in April. Propertytology managing director Simon Pressley tempered the huge expectations this week though, downplaying estimates Brisbane house prices would double in the next seven years. 'No guarantee,' he told Channel 7 on Tuesday morning. 'Property markets are obviously very, very complicated. 'There's no precedent with past Olympic Games around the world that property booms always happen.' The Sydney 2000 Games did spark a property boom though, but the NSW economy and the monetary policy of the time were larger factors for the boom, Mr Pressley said. 'Broadly, for the whole state of Queensland, the outlook for its property market for the foreseeable future looks to be strong,' he said. 'Buyers are already competing very hard for a small volume of properties for sale.' The latest national figures show Brisbane's median dwelling value has increased 7.1 per cent in the past year to $918,000. Of the capital cities, only Perth prices have gone up more in the past 12 months. Regional South Australian prices have shot up the most. In March, the Queensland government unveiled plans for a new Olympics precinct in Brisbane. 'There's going to be a lot of construction obviously with various stadiums and arenas built all over the state,' Mr Pressley said. 'Skilled labour is going to be a big challenge for the Queensland government as well.'
