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…