The $775m bid to bring an Aussie Rules team to Tasmania will place the state’s symphony orchestra in an unenviable world-first position, which could threaten its future existence.

The plan to build a home for the newly formed Tasmanian Devils AFL team will see a 23,000-seat sports and music stadium constructed on a historic Hobart foreshore site just 40 metres from the Tasmanian Symphony Orchestra’s purpose-built performing and recording headquarters, the Federation Concert Hall.