Independent review finds mismanagement in Hobart's proposed $1.1 billion AFL stadium project

An independent review of the proposed AFL stadium at Macquarie Point in Hobart has found significant mismanagement and estimated costs exceeding $1 billion. The report, led by economist Nicholas Gruen, claims the government's $375 million funding cap is unrealistic. Gruen's report indicates that the true cost to taxpayers could reach $785 million, with the total project cost around $1.1 billion. It criticizes the site selection and suggests that other locations may have been more suitable and cost-effective. Despite the findings, the Tasmanian government plans to proceed with the project. Both major political parties support building a stadium, but questions remain about the project's financial viability and community impact.