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Australia to spend $4.8 billion on 2032 Olympic venues

The Gabba stadium will be revamped for the 2032 Olympics. (Photo: AFP)

BRISBANE (AUSTRALIA): Australia said Friday it will spend Aus$7.0 billion (US$4.8 billion) on venues for the 2032 Brisbane Olympics, including a new 17,000-seat arena and a revamp of the Gabba stadium.

The Queensland capital was awarded the 2032 summer Olympics and Paralympics two years ago, returning the Games to Australia for a third time after Melbourne 1956 and then Sydney 2000.

Queensland’s state government will pump Aus$2.7 billion into redeveloping the Gabba, expanding its seating by 8,000 to 50,000.

In addition, Brisbane’s city centre will get a new Aus$2.5 billion 17,000-seat indoor stadium, paid for by the federal government. It will include a…

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