A new independent report says the Macquarie Point stadium could cost Tasmania more than $1 billion in net economic losses and push state debt $2.3 billion higher by 2040.
The report by economist Nicholas Gruen’s firm Lateral Economics was commissioned by anti-stadium group No New Stadium.
It estimates the project would return less than 40 cents for every dollar spent.
The analysis puts the net cost at $1,831 for every Tasmanian, according to the report. In a worst-case scenario, it says that could climb to about $3,200 a person.
The report updates Gruen’s 2025 review, which was originally commissioned by the state government as a condition of securing crossbench support to keep the Liberals in power.