The Gather Brisbane consortium has been named as the successful tenderer to build Brisbane's planned sports and entertainment arena at Woolloongabba ahead of the 2032 Olympic and Paralympic Games.
The government will make a one-off contribution of $600 million to the project after it's delivered, and hand the development rights for the former Gabba site to the consortium to build about 4,000 new homes.
Construction of the new arena and precinct is expected to begin in January.
Construction of Brisbane's new entertainment and housing precinct is set to begin in January, with the state government selecting a private sector building partner.
Deputy premier Jarrod Bleijie announced this morning construction consortium Gather Brisbane had been chosen as the successful tenderer for the $1.4 billion Brisbane Arena in Woolloongabba.
The consortium includes Live Nation, Oak View Group, Plenary and Webuild, and beat out the Brisbane Entertainment Alliance consortium for the deal.
The Brisbane Arena is planned to have a 17,000-seat capacity, increasing to 18,700 for concerts.
The arena is intended to replace the Brisbane Entertainment Centre at Boondall in Brisbane's north and will be adjacent to the new Woolloongabba Cross River Rail station.
Mr Bleijie said the Gabba stadium nearby would be decommissioned following the 2032 Brisbane Olympic and Paralympic Games, giving way to "open public space" and almost 4,000 new homes.
