Qld businesses want slice of Olympic pie

The Gabba and the Brisbane Live arena at Roma Street will be redeveloped for the Games.
The Gabba and the Brisbane Live arena at Roma Street will be redeveloped for the Games.

Queensland's smaller businesses are urging the state government to ensure they get a slice of the 2032 Olympics pie.

The Chamber of Commerce and Industry Queensland (CCIQ) is calling for urgent talks with the government about the delivery of the Brisbane Games in 11 years' time.

CCIQ's Gus Mandigora says there's opportunities for small and medium sized businesses in Olympic construction, maintenance, goods and services, communications, and transport infrastructure and services.

"Now is the time to get into more detailed dialogue with the government so we can understand exactly what opportunities exist which will allow businesses to plan and invest," he said in a statement.

"We look forward to seeing what the plan for small business is."

Mr Mandigora said the 2032 Games should benefit businesses right across the state, not just those in the southeast.

He said the extended lead-in to the event would allow the state government to streamline its tender process for local firms bidding for contracts and projects.

"Before we get to the delivery stage, and before spectators, athletes and their teams descend on the southeast, there is more work to do to ensure Queensland small to medium sized enterprises are able to reap the legacy of the games," Mr Mandigora said.

Media reports have estimated the total cost of the games could be as much as $5 billion, with the expected economic windfall to be more than $8 billion.

There will be 32 venues, of which 84 per cent already exist, but the Gabba stadium and the Brisbane Live arena at Roma Street will be redeveloped.

Expanding the Gabba by 8000 seats to 50,000 seats and a new pedestrian plaza will cost up to $1 billion, with the federal government and the Brisbane City Council to chip in.

Premier Annastacia Palaszczuk says the operating cost of the 2032 Games will be "cost neutral" at least.

"No, all that budget's been done about making it cost neutral, so this is the new norm," she told ABC radio.

"So I think everybody in the past used to think: 'Oh, an Olympics, it's these huge stadiums and it's gonna cost a fortune'.

"It's cost neutral for the operating side of the Games."

Core Logic analysts Tim Lawless said housing prices in Brisbane and parts of the Gold and Sunshine coasts will likely rise before 2032.

He said there would be more demand for housing around the Gabba in Woolloongabba and near other venues and transport infrastructure projects from workers during the construction phase.

Likewise, any improved public and private transport infrastructure or new social and retail outlets is likely to put upward pressure on property prices.

"As more detail comes to light about where these projects will be located, we should get a better understanding of the housing market opportunities. However, the obvious candidate for an uplift in demand is Woolloongabba and the surrounding suburbs," Mr Lawless said.

Australian Associated Press