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"The Olympics will do for Northshore Hamilton what Expo 88 did for South Bank," Deputy Premier and State Development Minister Steven Miles said.
With the Tokyo Olympics in full swing and a week on from Brisbane's historic selection to host the Olympic and Paralympic Games in 2032, the Queensland Government has unveiled plans for what the Athletes' Village might look like in the riverside suburb of Hamilton.
Northshore Hamilton, already home to landmarks such as Portside, Eat Street Markets and the Alcyone Hotel, is due for a "spectacular transformation" with some of the city's "best waterfront living", according to Deputy Premier Steven Miles.
"Village construction will crystalise the area's long-term plan and rejuvenate the existing industrial land," Miles said.
"The Village will host more than 10,000 athletes and team officials for the Olympic Games and more than 5000 for the Paralympics," he said.
"Our Athletes' Village will be on Economic Development Queensland-owned land within the Northshore Hamilton Priority Development Area (PDA)."
He said the Northshore's prime waterfront location, proximity to the CBD and competition and training venues, as well as transport connections, made it an ideal location for the 2032 Games and beyond.
"Among the key requirements when hosting the Olympics is provision of athletes accommodation and I'm proud Northshore has been locked-in for the Brisbane Olympic and Paralympic Athletes' Village," Mile said.
"Hosting the 2032 Games will mean a 10-year pipeline of construction jobs, trade and investment opportunities, and legacy projects that will benefit Queenslanders for decades to come.
"The legacy of the Village precinct is already incredibly important."
After the event, the development is expected to deliver a diverse residential offering, including aged care, retirement living social and affordable housing, key worker, hotel, build-to-rent and market accommodation.
EDQ recently awarded a $14 million package of works to BMD Constructions to construct three new roads and upgrade two others with associated services and landscaping at the eastern end of Northshore.
"It's great to see that these works are underway - supporting 46 construction jobs," Miles said.
"It is anticipated the new land supply will generate over $500 million of private sector investment. Development of the newly constructed sites could create over 1600 construction jobs."
Northshore is also set to be the home of a proposed new biomedical facility for Vaxxas to manufacture its world-leading needle-free vaccines, which could be used for COVID-19.
Miles said the development scheme for the Northshore Hamilton PDA is in the final stages of review and will be released for public comment later this year.
"It's important for the local community to have their say on such an important infrastructure area," he said.
"Our goal is to have a revised development scheme next year."
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