TOURIST accommodation and public transport are among the potential benefits on the cards for the Redlands after Brisbane was named the preferred host for the 2032 Games.
The International Olympic Committee made the announcement in Switzerland overnight.
While the IOC declared Brisbane as the host, the south-east Queensland Council of Mayors said the Games would be delivered across the south-east, if the bid is successful.
The decision does not guarantee the Games will come to Queensland but kickstarts a more detailed evaluation of the south-east's proposal for 2032.
Redlands mayor Karen Williams said infrastructure, including transport improvements, was the main game for Redland City Council in Olympics talks.
"The Olympic bid is the catalyst for community infrastructure that we're after," she said.
"Having the eyes of the world on our region, (there will be) great tourism opportunities.
"We have a competitive advantage because of our cultural heritage here.
"We are a city of islands ... (with) people visiting from all over the world, Moreton Bay will no doubt form a part of their itinerary.
"We have a shortage of tourism accommodation (and) a focus on 2032 could potentially encourage private investment in hotel and conference facilities."
The Council of Mayors and ICO vice president John Coates forecast that hosting the Games could be cost-neutral.
On Thursday morning, Premier Annastacia Palaszczuk said the region already had 85 per cent of the venues needed to host the Games.
A Redlands adventure sports precinct has been part of past Olympics talks.
"That has opportunities to drive outcomes and opportunities beyond just the games, such as training facilities and education opportunities," Cr Williams said.
"It may be that we don't have a venue ... but certainly all the SEQ areas will have an opportunity to shine ... and ensure we're well-placed to ride off the back of (the Games)."
Council of Mayors south-east Queensland director and Sunshine Coast mayor Mark Jamieson said the Olympic and Paralympic Games was a chance to supercharge recovery from COVID-19.
"These economic drivers, partnered with the International Olympic Committee's ongoing cost reforms, make the 2032 Games a compelling proposition for Queensland," he said.
The announcement came nearly six years after the south-east Queensland Council of Mayors started investigations into hosting the Olympic and Paralympic Games.
The timeline for finalising the host of the 2032 Olympic and Paralympic Games is subject to the International Olympic Committee's ongoing process but Cr Williams said she expected things to move at lightning pace in the lead-up to the Tokyo Olympics in July.
"The City Deal is a really important part of getting the infrastructure (and) I'll be going down to Canberra to continue those discussions to make sure we can proceed with (the deal)," she said.
"It's not just transport - it's resilient rivers, better catchment management, all those other opportunities to make us an attractive place.
"It (also) gives a lot of future vision for our young people."
She said there would be engagement with the community as the Olympic bid progressed.