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.