Tasmanian Premier caps government’s contribution to Mac Point stadium at $375m

Impression of the new stadium on Hobart's waterfront.

Tasmanian Premier Jeremy Rockliff has pledged to cap taxpayer input into the proposed Macquarie Point Stadium in Hobart at $375 million.

Kicking off a re-election campaign Rockliff sought to fend off potential attacks by the Opposition on the government’s financial support for the controversial stadium, saying any shortfall will have to be shouldered by the private sector.

The budget for the development currently stands at $715 million, with the Federal Government committing $240 million.

“I recognise that this project is not everyone’s cup of tea and that some Tasmanians would prefer that this money was spent in different areas,” Rockliff told The Mercury.

‘I also understand that there are concerns in the community that the final cost of the stadium could significantly increase, leaving Tasmanian taxpayers with a large, un-budgeted bill.

“Therefore, I have taken the decision that a re-elected majority Rockliff Liberal Government will cap Tasmanian Government capital expenditure on the Macquarie Point Stadium at the currently budgeted $375 million – and not one red cent more.

“Along with the Macquarie Point Development Corporation and Stadiums Tasmania, we will open private-sector investment options for the Macquarie Point Precinct to ensure the Government’s contribution to the project is capped.”

There are two versions of the development following the unsolicited bid from the Stadia Precint Consoria headed by Dean Coleman and Paul Lennon.