The Liberal Government of Tasmania is committed to strengthening the future of the state for all Tasmanians.
The government believes that activating Hobart’s waterfront would not only help diversify our economy, but would also transform the city into a cultural, entertainment and sporting capital rivaling any other on the continent, if not the world.
After conducting a feasibility study on the benefits of such a neighborhood and exploring various site options, it became clear that Macquarie Point is the best location for this development.
A report by PricewaterhouseCoopers shows that a new arts, entertainment and sports district in Macquarie Point, with a 23,000-seat indoor stadium as its centerpiece, would create 4,200 jobs during construction and sustain 950 jobs a year during construction. operation.
During construction, it would generate $300 million in additional economic activity, and then $85 million each year after construction, as well as $162 million each year in consumption, due to a large spike in the economy of visitors.
Our vision for the Boutique Enclosure is to complement Hobart’s waterfront, co-existing with the proposed Antarctic and Science Enclosure, to which the Government remains firmly committed.
There are huge opportunities for complementary boutique hospitality venues and significant flow effects for hotels, restaurants, bars and retail outlets – with every dollar injected into the economy enabling the government to reinvest in essential services that matter to Tasmanians, including health, housing and education.
A neighborhood like this in the heart of Hobart’s waterfront will unlock transport corridors and associated development opportunities. This includes connecting the Northern Transportation Corridor and a network of ferries.
History must be made this month if Tasmania fulfills our dream of having our own team in the AFL.
This license would be the catalyst for this development at Macquarie Point, but the benefits of this enclosure have spread far beyond football and far beyond the downstate.
The economic modeling is based on at least 44 events held each year in the new indoor stadium.
On a playing surface that can be adapted to a rectangular or oval pitch, events can include anything from watching our very own Tassie AFL team take on some of the league’s toughest opponents, watching international cricket, rugby or an NRL exhibition match.
Local events such as Dark Mofo can grow and grow, using this new neighborhood for their festival calendar and Tasmania would finally be able to attract international and national artists, bands and events on a scale never seen before. previously.
This proposed development would provide the construction industry with a pipeline of certainty, coming into play as other major projects come to a close.
It would also complement investments in UTAS Stadium in the north and Dial Range Park in the northwest, both of which will benefit from AFL content on a scale never seen before if Tasmania is granted a licence.
The government is firm that it will cap its investment at $375 million, with additional funding to be sought from the federal government and private equity investments.
We will now move on to the next stage of feasibility work which will focus on building the stadium at Macquarie Point and will include developing a business case to secure full funding.
We also believe it is possible to work with Hobart City Council and all stakeholders to determine how Regatta Point fits into the wider plan for the precinct.
This government is committed to providing transformative infrastructure that will help our economy thrive in the future, providing jobs and opportunities for Tasmanians.
The full report is available here.