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The 2032 Olympic Games are now Brisbane's to lose after the International Olympic Committee named the city preferred candidate to host the global sporting event.
The announcement overnight means Australia is set to host its third Olympic Games.
Brisbane now has exclusive access to put their case forward to the IOC without competition from other countries - a key advantage in fighting off rival bids from other cities.
Brisbane named 'preferred city' to host 2032 Olympic Games (AAP)
IOC President Thomas Bach said overnight the executive board had unanimously, after long discussion, approved this recommendation.
But he also stressed it was not a final decision.
Matt Carroll, chief executive of the Australian Olympic Committee (AOC), said the decision meant much detailed work needed to be done but Brisbane was in the box seat to host the 2032 Games.
"It's another step on the process of securing the Games for Queensland and for Australia. But the race is not over yet."
Mr Carroll said the decision enables negotiations between the Queensland bid team and the IOC to intensify.
Matt Carroll, chief executive of the Australian Olympic Committee. (Nine)
The key backers of the Brisbane bid -the Queensland government, the council of mayors in south east Queensland, and the AOC and Federal Government put forward a master plan and met with IOC officials recently.
"You have to keep working hard. We don't want to miss that finish line ... you could say it is ours to lose. But most importantly it's ours to win."
Mr Bach said the Brisbane bid was based around sustainability and involved using many existing facilities.
"The commitment of Australia and Oceania to Olympic sports has grown remarkably since the fantastic Olympic Games Sydney 2000," he said.
Thomas Bach, International Olympic Committee (IOC) President, has announced that Brisbane is the preferred city for the 2032 Olympic Games. (AP)
"They have spoken to a number of global financial institutions to look at our strength in those areas," Mr Colbeck said.
"The fact that our hotel stock already meets their standards, our transport systems, what we are proposing to do with respect to venues, all of those things have been taken into account as part of this decision, so it puts us in a really good place."
Officials said Brisbane's warm sunny weather, Queensland's long-term planning for improved infrastructure, plans to use existing or temporary infrastructure and Australia's Olympic and sporting heritage had helped it become the preferred city.
Australia's isolation in a post-pandemic world was also cited by IOC officials.
Sydney hosted the 2000 Olympic Games and Melbourne the 1956 event.
The decision means the IOC will now start detailed talks with Brisbane organisers and the Australian Olympic Committee (AOC) over coming months
A report last year said a South East Queensland 2032 Olympic and Paralympic Games would deliver a $36 billion windfall for the state.
www.9news.com.au
The announcement overnight means Australia is set to host its third Olympic Games.
Brisbane now has exclusive access to put their case forward to the IOC without competition from other countries - a key advantage in fighting off rival bids from other cities.
Brisbane named 'preferred city' to host 2032 Olympic Games (AAP)
IOC President Thomas Bach said overnight the executive board had unanimously, after long discussion, approved this recommendation.
But he also stressed it was not a final decision.
Matt Carroll, chief executive of the Australian Olympic Committee (AOC), said the decision meant much detailed work needed to be done but Brisbane was in the box seat to host the 2032 Games.
"It's another step on the process of securing the Games for Queensland and for Australia. But the race is not over yet."
Mr Carroll said the decision enables negotiations between the Queensland bid team and the IOC to intensify.
Matt Carroll, chief executive of the Australian Olympic Committee. (Nine)
The key backers of the Brisbane bid -the Queensland government, the council of mayors in south east Queensland, and the AOC and Federal Government put forward a master plan and met with IOC officials recently.
"You have to keep working hard. We don't want to miss that finish line ... you could say it is ours to lose. But most importantly it's ours to win."
Mr Bach said the Brisbane bid was based around sustainability and involved using many existing facilities.
"The commitment of Australia and Oceania to Olympic sports has grown remarkably since the fantastic Olympic Games Sydney 2000," he said.
Thomas Bach, International Olympic Committee (IOC) President, has announced that Brisbane is the preferred city for the 2032 Olympic Games. (AP)
"They have spoken to a number of global financial institutions to look at our strength in those areas," Mr Colbeck said.
"The fact that our hotel stock already meets their standards, our transport systems, what we are proposing to do with respect to venues, all of those things have been taken into account as part of this decision, so it puts us in a really good place."
Officials said Brisbane's warm sunny weather, Queensland's long-term planning for improved infrastructure, plans to use existing or temporary infrastructure and Australia's Olympic and sporting heritage had helped it become the preferred city.
Australia's isolation in a post-pandemic world was also cited by IOC officials.
Sydney hosted the 2000 Olympic Games and Melbourne the 1956 event.
The decision means the IOC will now start detailed talks with Brisbane organisers and the Australian Olympic Committee (AOC) over coming months
A report last year said a South East Queensland 2032 Olympic and Paralympic Games would deliver a $36 billion windfall for the state.
Brisbane named 'preferred city' to host 2032 Olympic Games
www.9news.com.au
