With Brisbane being named as host city for the 2032 Olympic Games, Scenic Rim mayor Greg Christensen confirmed Lake Wyaralong would be an event venue for rowing and canoeing events at the Olympics and Paralympic Games.
"In 11 years we will have the world's best rowers and canoeists paddling here at Lake Wyaralong, cementing their place in history and making dreams come true," he said.
Cr Christensen said there was no bigger value capture globally than hosting the Olympic Games.
"The 2032 Games are estimated to bring up to $8.1 billion of economic and social benefits for Queensland and $17.61 billion nationally," he said.
He said thousands of jobs would be created and the boost to the tourism industry would be incredible.
"Importantly though, is the delivery of a regional games that has long-term benefits for the local communities.
"We will see all three levels of government working collectively together to bring benefits not only to the south east, but to the rest of Queensland and Australia.
"For the Scenic Rim, this means proper upgrades to the Mount Lindesay Highway and access to Bromelton to provide us with reliable and sustainable transport infrastructure for the future," he said.
Residents will have the opportunity to attend events at Lake Wyaralong and watch athletes in action
"And hopefully, for all our budding young athletes, last night's announcements will provide them with inspiration to train hard and be part of this event."
Cr Christensen said the work would start to deliver an event that not only puts the Scenic Rim on the map as a must-do destination, but also to deliver infrastructure that was important to growing communities.
Leader of the opposition party, David Crisafulli said all three levels of government must now work together to deliver the infrastructure, services and jobs.
"It's vital the road ahead is well planned and executed as the eyes of the world turn to our great state. The decisions made now will shape our state for future generations," he said.