Queensland state officials say they have secured a deal with the federal government for the 2032 Olympics in Brisbane which commits 50-50 funding for minor venues and 1.2 billion Australian dollars ($788 million) towards a new main stadium at Brisbane’s Victoria Park.

A new deal has been struck between the Queensland and federal governments to fund venues — including a major stadium — for the 2032 Olympic and Paralympic Games.Billions of dollars in federal funds initially earmarked for an indoor arena will now go towards minor venues and the new stadium at Victoria Park.

Queensland state officials say they have secured a deal with the Australian federal government for the 2032 Olympics in Brisbane that commits 50/50 funding for minor venues and $788 million toward a new main stadium at Brisbane's Victoria Park.