Reported at www.abc.net.au: An independent report by economist Nicholas Gruen on Hobart’s proposed Macquarie Point stadium reveals significant mismanagement and underestimates the project’s costs, projecting a total expense exceeding $1 billion, primarily borne by Tasmanian taxpayers.
The report criticizes the state’s commitment to cap its contribution at $375 million, stating that it will actually need to pay $785 million. Despite these findings, the Rockliff government plans to proceed with the project and intends to support a state AFL team.