A brand new Olympic stadium stacks up as the best option for the 2032 Games to compare to global counterparts despite the previous state government spiking the centrepiece recommendation.
Global consultancy firm Arcadis - which consults on other Olympic venue plans - has analysed the Victoria Park stadium option for Brisbane 2032 and plans to submit its findings to the 100-day review committee which is finalising the venue plan.
The analysis looked at a proposal by architecture firm Archipelago which said Victoria Park could be transformed into a $6 billion precinct, featuring a $2.6 billion stadium, the Brisbane Arena and an 18,000-seat aquatics centre.
The group's Games and Legacy lead Paul Allan said Victoria Park could become the Olympics precinct to rival other states and globally while being completed on time and within budget.
"We just wanted to try and say 'please make sure that this is on your shopping list of projects and from a firm who has done this elsewhere in the world, it seems to stack up'," he told AAP.
Victoria Park was first proposed by the former lord mayor Graham Quirk's 60-day review earlier this year as the $3.4 billion centrepiece of the 2032 event.
The idea has been subject to support and opposition, with some locals against the development of the major public parklands while others believe it will deliver the appropriate long-term option.
Even Olympic chief Andrew Liveris threw his support around a "legacy" stadium option to meet future population demands and retain the AFL and cricket given the Gabba's life expectancy is running out.
But the Labor government ignored the recommendation and instead opted to upgrade ageing facilities like the Queensland Sports and Athletics Centre, the Gabba and Suncorp Stadium.
The Liberal National government scrapped its predecessor's plans and implemented the Olympic Independent Infrastructure and Coordination Authority to conduct a 100-day review to finalise the venue plan.
Mr Allan said all of the other options like demolishing the Gabba to rebuild, upgrading Suncorp which can't fit a running track or refurbishing QSAC have been exhausted, leaving Victoria Park as the next best path.
Victoria Park could fit one, two or three stadiums while protecting green space and existing transport options all within the $7.1 billion federal and state funding envelope, Mr Allan said.
He said private investment also could be sought to open up the funding envelope to upgrade other venues within Queensland regions.
Mr Allan said the government will have to build a new stadium for the AFL and cricket eventually and Victoria Park could be that option which is temporarily used for the Olympics.
It could also attract international music acts given the substantial seating size.
"I'm 100 per cent behind saying, 'Don't build for the Olympics, build purely for legacy,'" he said.
Premier David Crisafulli has previously said the focus of the review should be "generational infrastructure" but has not ruled out building a new stadium if it was recommended by the independent panel.
The review's terms of reference seemed to keep the door open for the construction of a new stadium with the scope covering "new, upgraded and temporary venues".
Olympics Minister Tim Mander said the government would likely listen to whatever recommendations the review panel makes.
The report from the review will be handed down in 2025.
