Cost of proposed AFL stadium edges closer to a billion dollars

The cost of the proposed AFL stadium at Macquarie Point in Hobart has risen by $170m.

The state government has released the Macquarie Point Urban Renewal Project legislation for public consultation.

Upon its release, Business, Industry and Resources Minister Eric Abetz said the stadium cost was now $945m, up from the previously quoted figure of $775m.

He said the stadium would deliver thousands of jobs and unrivalled economic activity.

“We have been remediating and preparing Macquarie Point for development for over twelve years, and we know this land is the best available CBD site for a stadium,” Mr Abetz said.

“It is time to draw a line in the sand and provide certainty for our own AFL Team and the enabling infrastructure that is critical to make our team a success.

“The impact the multipurpose stadium will have on our economy, jobs, and investment is simply an opportunity we can’t miss.

“Now, it’s time we got on with building it.”

The public can view the legislation on the Tasmanian government website or in person at the Hobart, Launceston, Devonport and Burnie Libraries.