WHAT'S IN THE $7 BILLION FUNDING DEAL FOR THE 2032 BRISBANE OLYMPICS AND PARALYMPICS
* The Queensland government will commit $2.7 billion to redevelop the Gabba for the Opening and Closing Ceremonies by adding 8000 seats to lift its capacity to 50,000. Construction will start in 2026 and be due for completion in 2030.
* The federal government will commit $2.5 billion to a new 17,000-seat Brisbane Arena, proposed at Roma St in the CBD, to host swimming and water polo . Construction will start in 2027 and is also due for completion in 2030.
* Both governments will commit to jointly funding almost $1.87 billion for five new venues and upgrading nine existing venues.
* New venues include indoor sports centres at Breakfast Creek, Chandler, Sunshine Coast and Moreton Bay to host basketball, wheelchair basketball, gymnastics and boxing.
* There will also be a new whitewater venue in Redlands for canoe events and potentially a new indoor sports centre at Logan for training or competition.
* The joint funding will also upgrade the Wyaralong Flatwater Centre and Precinct, Sunshine Coast Stadium, Brisbane Aquatic Centre and Precinct, Barlow Park in Cairns, Toowoomba Sports Ground, Brisbane International Shooting Centre, Sunshine Coast Mountain Bike Centre, Anna Meares Velodrome and BMX Track in Chandler and Queensland Queensland Tennis Centre in Tennyson.
* The upgraded venues will host football, diving, artistic swimming, water polo, shooting, mountain biking, track cycling, BMX racing and tennis.
* The joint funding will also fund minor upgrades to other venues.
© AAP 2023