Hobart Stadium: $750 million cost

[Teen Wolf]

Perth stadium was in budget wasntit

It went over by about 10% just like other similar builds in the last 15 years (Adelaide Oval, SCG, etc).

Didn't go over by as much as some hysterical reports suggest, which often falsely claim the budget was $700m or try to retroactively add on costs for things like the train station which were separate.

Btw a ~10% increase (to $860m) also happens to be the highest any of Gruen's peers are willing to forecast for Hobart (see Appendix 5 of the report).

 

[Cairnsman]

More immigration is what projects like this need, it's how governments pay off their spiralling debt.

If Tasmania can increase its population with an extra 25k immigrants per year over the next 20 years then the stadium will pay for itself.

 

[Bjo187]

More immigration is what projects like this need, it's how governments pay off their spiralling debt.

If Tasmania can increase its population with an extra 25k immigrants per year over the next 20 years then the stadium will pay for itself.

With 1.4 million immigrants coming into Australia over the past 3 years, 400k could have gone to Tassie and tipped them over the 1 mill mark, which would have looked a lot better for the business case. Unfortunately, they mostly go to Melbourne and Sydney though.

 

[Cairnsman]

With 1.4 million immigrants coming into Australia over the past 3 years, 400k could have gone to Tassie and tipped them over the 1 mill mark, which would have looked a lot better for the business case. Unfortunately, they mostly go to Melbourne and Sydney though.

Totally 400k immigrants could have been sent to Tasmania to significantly strengthen their business case for a stadium, and the Tasmanian government should also be offering all newly arrived immigrants a foundation membership and insist they learn the club song before they learn Advance Australia Fair.

This is the kind of entrepreneurship the Tasmanian government is lacking and why the stadium deal is spluttering. The Tasmania government doesn't understand basic economics, they don't understand if you dont take in massive numbers of immigrants you can't have football stadiums with roofs.

 

[Mr north man]

Let’s look at it the way governments budget things $750 Million will be $1+Billion once done for 7 games remembering Launceston will host 4 games.
Then if the AFL put the following clubs at the new stadium Collingwood,Carlton,Essendon,Geelong,Richmond,Sydney and maybe a Brisbane to fill the new stadium which leaves the low drawing clubs to play in Launceston.
How long before the people of Launceston say this is BS will want the big teams playing in Launceston after all it’s well known the history of Tasmanian football has been divided over the years.
Personally I believe the AFL should have put in the licence all games to be played in Hobart no matter what for the new team.
But if someone of stroke who’s got $$$$$ to spend and goes to a Collingwood or any of the big drawing clubs in Victoria and says transfer a game to Launceston with a decent amount of $$$$ let’s say $1+Million to that club against a GWS ,Gold Coast you would have to consider it as it will be clean $$$$ as you even get half that in return if games against a GWS or Gold Coast were played in Melbourne after you pay all the operating cost on that day.

 

[Aussie in exile]

More immigration is what projects like this need, it's how governments pay off their spiralling debt.

If Tasmania can increase its population with an extra 25k immigrants per year over the next 20 years then the stadium will pay for itself.

I hear the British jails are overcrowded so time to revive the past and sent British convicts there
That's the problems solved

 

[Cairnsman]

I hear the British jails are overcrowded so time to revive the past and sent British convicts there
That's the problems solved

A great idea, in that case the AFL should start advocating for Kayo subscriptions for all new immigrant prisoners and online gambling accounts.

 

[kurt_kb]

Let’s look at it the way governments budget things $750 Million will be $1+Billion once done for 7 games remembering Launceston will host 4 games.
Then if the AFL put the following clubs at the new stadium Collingwood,Carlton,Essendon,Geelong,Richmond,Sydney and maybe a Brisbane to fill the new stadium which leaves the low drawing clubs to play in Launceston.
How long before the people of Launceston say this is BS will want the big teams playing in Launceston after all it’s well known the history of Tasmanian football has been divided over the years.
Personally I believe the AFL should have put in the licence all games to be played in Hobart no matter what for the new team.
But if someone of stroke who’s got $$$$$ to spend and goes to a Collingwood or any of the big drawing clubs in Victoria and says transfer a game to Launceston with a decent amount of $$$$ let’s say $1+Million to that club against a GWS ,Gold Coast you would have to consider it as it will be clean $$$$ as you even get half that in return if games against a GWS or Gold Coast were played in Melbourne after you pay all the operating cost on that day.

why would they play at Lonnie? Haven't read that anywhere

 

[Walshawk]

why would they play at Lonnie? Haven't read that anywhere

It’s been there all along. In fact the York Park upgrade is about to commence.

UTAS Stadium Redevelopment (York Park) | Austadiums

View information for the redevelopment of UTAS Stadium Redevelopment (York Park).

www.austadiums.com

 

[Section 5]

The audio part in the article link below placed more of a point about the State Government having to find $785 million of the $1.1 billion needed.
But the premier assured Tasmanians they have capped their spending at $375 million.
Before it even starts it is short $410 million. Less what they may get for the sale of land originally estimated at $96 million now magically it is worth $145 million. Even allowing for the higher land figure it is still short $265 million or around 70% more than what they are saying is their capped amount. I doubt the AFL will increase their contribution from $15 million to $280 million. They only paid $200 million for Docklands
..........................................................................

AFL-imposed deadlines 'a challenge' for Hobart stadium, premier says

Premier Jeremy Rockliff has spoken for the first time since a report by an independent economist found the Hobart stadium's construction timeline was unrealistic and costs "significantly understated".

www.abc.net.au

Premier Jeremy Rockliff has spoken for the first time since a report by an independent economist found the Hobart stadium's construction timeline was unrealistic and costs "significantly understated".

A report by independent economist Dr Nicholas Gruen, released on January 3, found that was an unrealistic timeline for the project.

The deal stipulates the Tasmanian government will need to pay the new AFL club an extra $4.5 million if the stadium build is less than 50 per cent complete by October 2027 — and another $4.5 million if it cannot host matches in the 2029 season.

The Premier said he was being honest with Tasmanians about the cost, and reiterated the state government would cap its spending on the stadium at $375 million.

Last week, former premier Peter Gutwein said it was "obvious" the Macquarie Point stadium could not be built on time.

 

[Ratdweller]

More immigration is what projects like this need, it's how governments pay off their spiralling debt.

If Tasmania can increase its population with an extra 25k immigrants per year over the next 20 years then the stadium will pay for itself.

Well said. Geez, 25,000 per year in Tasmania would be the equivalent of bringing 325,000 per year into Victoria. Victoria is already struggling on every measure with an annual population growth of 135,000.

As Dick Smith said a few years ago, "Immigration is run by the Australian Government as a Ponzi Scheme to cover its excessive spending". The recently retired State Treasurer of Victoria, Tim Pallas stated early in 2024 that "Victoria could grow its way out of its debt"... What a load of SHITE. The more people that move here (from interstate or overseas) the more government (tax-payer) money is needed to pay for the supporting infrastructure, including but not limited to power grids, roads, houses, schools, hospitals, kinder gardens, sports facilities, public servants (cops, ambos, doctors, nurses, teachers etc.). If Victoria can't contain its debt with 7 million people, it's only going to be worse with 8 million. Yes, definitely do not buy into the immigration lie. The only way to pay down government debt is for the governments to stop wasting our money through their own largess, poor planning for big projects, and to start providing for what the nation and the states actually need. They need to stop pissing our money away on things like gold-plated big build projects and bidding for bottomless money pit events like the Olympics.

 

[Cairnsman]

Well said. Geez, 25,000 per year in Tasmania would be the equivalent of bringing 325,000 per year into Victoria. Victoria is already struggling on every measure with an annual population growth of 135,000.

As Dick Smith said a few years ago, "Immigration is run by the Australian Government as a Ponzi Scheme to cover its excessive spending". The recently retired State Treasurer of Victoria, Tim Pallas stated early in 2024 that "Victoria could grow its way out of its debt"... What a load of SHITE. The more people that move here (from interstate or overseas) the more government (tax-payer) money is needed to pay for the supporting infrastructure, including but not limited to power grids, roads, houses, schools, hospitals, kinder gardens, sports facilities, public servants (cops, ambos, doctors, nurses, teachers etc.). If Victoria can't contain its debt with 7 million people, it's only going to be worse with 8 million. Yes, definitely do not buy into the immigration lie. The only way to pay down government debt is for the governments to stop wasting our money through their own largess, poor planning for big projects, and to start providing for what the nation and the states actually need. They need to stop pissing our money away on things like gold-plated big build projects and bidding for bottomless money pit events like the Olympics.

It all started when Nixon de shackled the USD from Gold in 1971, they haven't had a surplus since. Now every western country runs a fiat currency and the money printing machine went into over speed after the GFC and then into turbo mode after the pandemic...there's ya most biggest and most beautiful ponzi scheme...hello beautiful immigration, I deserves me a stadium with a roof.

The Tasmanian team is nothing more than a TV and gambling product that will bring the AFL and it's "partners" rivers of gold. The team itself will be a basket case for at least 40 years and will need more cash and draft concessions than Gold Coast and GWS put together. I hope Tasmanian footy followers love going to the footy at 4pm on Sundays.

Fun fact, those twighlight games on Sundays are the most lucrative to the AFL, because that's when most gambling addicts who having been losing big all weekend, place that one last bet to recover their losses. Great for the AFL who take 10 cents for every $1 bet.

I digress, immigration is the solution...tounge firmly planted in cheek.

 

[footyscribe]

From Fairfax Media:

View attachment 2197679

Depends what you consider a stadium cost.

The construction and capital cost, including precinct works is still hovering around that 775-800m mark according to both the proponents and Gruens quantity surveyor who also tacked on a very large amount for contingency.

Gruen in his report has inflated the cost very handily by stacking on a whole heap of additional non-tangible costs like $155m of opportunity cost, visual disamenity cost and he’s also included 35 years worth of operations and lifecycle costs. Perhaps most egregiously, he’s lumped in $90m of state government funding towards the Devils which would need to be paid to the club regardless of stadium.

Adding on every single stadium related cent (including upgrades to things around the city) is fine, as long as you’re adding in every benefit coming back the other way. Problem is, Dr Gruen hasn’t. In fact, he’s ignored some big ones.

He has not included $360m of team and game development funding coming in from the AFL, he has ignored the prospect of selling naming rights to the stadium and he has grossly underestimated interstate visitation to Tasmania for AFL matches.

The 1b+ number isn’t wrong, it’s just provided in the wrong context and designed to be big and scary without really highlighting the cost is over 35 years and includes every little thing imaginable including things that aren’t even in the stadium planning submission. It also does not really consider private investment, despite the market sounding process literally being underway.

 

[Johnny Bananas]

It all started when Nixon de shackled the USD from Gold in 1971, they haven't had a surplus since.

This is incorrect, they ran surpluses in 1998 and 2000. And this has nothing to do with Tasmania.

 

[Cairnsman]

This is incorrect, they ran surpluses in 1998 and 2000. And this has nothing to do with Tasmania.

Immigration is what the stadium deal needs, when you rack up unimaginable debt, you need immigration....it's how things are done in Government finance globally....ponzi schemes. All will be fine while the music is playing.

 

[Ratdweller]

I hope Tasmanian footy followers love going to the footy at 4pm on Sundays.

Hey!!! North Melbourne might have something to say about that. It's taken them a decade of poor on field performance to earn that timeslot. They might not take kindly to having some upstarts muscling in on their gig. Tell the Devils to go and earn their own crappy timeslot

That said, if the AFL ever shifts the Grand Final to Sunday at 4 pm, North will have it in the bag.

 

[Ratdweller]

Totally 400k immigrants could have been sent to Tasmania to significantly strengthen their business case for a stadium, and the Tasmanian government should also be offering all newly arrived immigrants a foundation membership and insist they learn the club song before they learn Advance Australia Fair.

This is the kind of entrepreneurship the Tasmanian government is lacking and why the stadium deal is spluttering. The Tasmania government doesn't understand basic economics, they don't understand if you dont take in massive numbers of immigrants you can't have football stadiums with roofs.

Geez 400k migrants descending on Tasmania. They better bloody well like sleeping in tents for the next 10 years. Last time I checked the stats on Tassie, there were enough builders and tradies to manage building between 3000-4000 homes per year.