Negotiations with the owner of the industrial business on the site have already begun.
The South Brisbane site is identified in the International Olympic Commission’s Future Host Commission report released earlier this year.
This largely industrial land at South Brisbane was earmarked in Brisbane City Council planning in 2014 for future urban and cultural development.
The IOC Future Host Commission report says the Queensland government would provide money to remediate the industrial land.
“It includes demolition of industrial buildings, site remediation, and construction of permanent utilities, including a new substation,” the report says.
It identifies a temporary 57,000-square-metre International Broadcasting…