In the following commentary, Ruth Forrest accuses the Tasmanian Government’s use of “voodoo economics” in its new approach to project appraisal for the Macquarie Point stadium plan, specifically highlighting the disregard for Infrastructure Australia (IA)’s rigorous guidelines.
The article argues that the government has deliberately avoided developing a proper Cost-Benefit Analysis (CBA) framework, allowing them to dismiss credible economic critique and proceed with a project whose benefits are likely overstated and costs understated.