Newcastle Basketball general manager Neil Goffet said he was looking forward to the region's new stadium at Hillsborough playing some part in the Women's World Cup in 2022.
Goffet said the facility, due to be completed next year, could host a game despite being overlooked initially or even house one of the teams attending the international tournament in Sydney.
Late on Thursday night FIBA awarded the event to Australia over bid rivals Russia.
Goffet said plans for the venue remain "on track at this point", but he remains conscious of the current uncertainty surrounding many stakeholders amid the global coronavirus pandemic.
"It is very exciting news for basketball that Sydney has been awarded the 2022 Women's World Cup and we look forward to playing a big part in this," Goffet said.
"The initial information from FIBA was that we would not get a game because of the risk surrounding an unbuilt stadium, but the world has changed an awful lot in the past few weeks and months so who knows what might be possible in the future.
"We are very fortunate to be at the design and approvals stage of the new facility so a lot of the work is continuing as planned.
"Clearly that may not continue and the completion date may have to be put back a little, but we are definitely on track at this point."
Basketball Australia released a statement on Friday saying Olympic Park at Homebush would be the World Cup base. Competition is scheduled to take place over a 10-day period in the September and October of 2022.
Goffet said if Newcastle Basketball weren't able to secure a competition fixture, another option could be warm-up matches or hosting teams as they prepare for and play in the tournament.
"If we are unable to get one of the World Cup games played here then having some lead up matches would be great," Goffet said.
"There is also the possibility of having one or two of the teams based in Lake Macquarie for the tournament or perhaps spend a week here preparing for the tournament."
Hosts the Opals, Australia's women's basketball squad that includes Newcastle pair Katie Ebzery and Leilani Mitchell, will be one of 12 teams at the event.
The Opals claimed the 2006 world title and took silver and bronze in the past two editions, both won by the United States.
Australia last hosted a FIBA World Cup in 1994.
Qualifiers will take place in November, 2021, and February, 2022.
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