<p>The Gabba stadium is slated for a A$1 billion ($777 million) rebuild before hosting the opening and closing ceremonies as part of Brisbane's bid for the 2032 Olympics, officials said on Tuesday.</p>.<p>Queensland state capital Brisbane was named preferred bidder for the 2032 Games in February and could be confirmed as host as early as July.</p>.<p>Queensland Premier Annastacia Palaszczuk said the Gabba, formally named the Brisbane Cricket Ground, would likely have its capacity boosted from 42,000 to 50,000 as part of a renovation to cost "around the A$1 billion mark".</p>.<p>"Every games needs a home," she said in a statement.</p>.<p>"The Gabba has been home to our sport since 1895.</p>.<p>"A home for the 2032 Olympic Games could be its crowning glory."</p>.<p>Located in Brisbane's inner-city suburb of Woolloongabba, the refurbished stadium would be linked to a new railway station under construction via a pedestrian plaza.</p>.<p>Australian Prime Minister Scott Morrison endorsed Brisbane's bid last month and told the International Olympic Committee all levels of government in the country were firmly behind it.</p>.<p>Palaszczuk said on Monday the bid was still "contingent on guarantees" from the federal government.</p>.<p>Though Brisbane is the frontrunner for 2032, South Korea's Seoul said this month it had sent the IOC a proposal for co-hosting the 2032 Games with North Korea's capital Pyongyang.</p>.<p>The postponed Tokyo Olympics start on July 23. Paris will host the 2024 Games, with Los Angeles hosting the 2028 event.</p>
<p>The Gabba stadium is slated for a A$1 billion ($777 million) rebuild before hosting the opening and closing ceremonies as part of Brisbane's bid for the 2032 Olympics, officials said on Tuesday.</p>.<p>Queensland state capital Brisbane was named preferred bidder for the 2032 Games in February and could be confirmed as host as early as July.</p>.<p>Queensland Premier Annastacia Palaszczuk said the Gabba, formally named the Brisbane Cricket Ground, would likely have its capacity boosted from 42,000 to 50,000 as part of a renovation to cost "around the A$1 billion mark".</p>.<p>"Every games needs a home," she said in a statement.</p>.<p>"The Gabba has been home to our sport since 1895.</p>.<p>"A home for the 2032 Olympic Games could be its crowning glory."</p>.<p>Located in Brisbane's inner-city suburb of Woolloongabba, the refurbished stadium would be linked to a new railway station under construction via a pedestrian plaza.</p>.<p>Australian Prime Minister Scott Morrison endorsed Brisbane's bid last month and told the International Olympic Committee all levels of government in the country were firmly behind it.</p>.<p>Palaszczuk said on Monday the bid was still "contingent on guarantees" from the federal government.</p>.<p>Though Brisbane is the frontrunner for 2032, South Korea's Seoul said this month it had sent the IOC a proposal for co-hosting the 2032 Games with North Korea's capital Pyongyang.</p>.<p>The postponed Tokyo Olympics start on July 23. Paris will host the 2024 Games, with Los Angeles hosting the 2028 event.</p>