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Brisbane reacts to winning the Olympic bid

Fireworks and celebrations in Brisbane following Brisbane's successful 2032 Summer Olympics bid Source: AAP

Great things are being predicted for Brisbane now it has won the right to host the 2032 Olympic and Paralympics Games. It will be the third time Australia has hosted the games, and it is tipped to bring an economic boost for the state.

Brisbane will now have over a decade to prepare for the 2032 Olympic and Paralympic Games.  

It's the longest planning period in the  Games' history. 

Unlike other Olympics,  Brisbane 2032 is being pitched as a cost-neutral event. 

Existing venues will be used to keep down costs, but a wider infrastructure boom is anticipated.  

Dominique Lamb is the CEO of the National Retail Association.

It's going to mean that many of our regional retailers are going to be able to trade-off just the excitement of not only infrastructure being built and more people having money in their pockets because of job creation and tourism.

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