Cost benefit analysis exposes stadium folly

Tasmanian Labor

Jeremy Rockliff has been caught out misleading Tasmanians about the economic effects of his reckless $1 billion Hobart stadium proposal.

An unredacted copy of the Hobart stadium cost benefit analysis has revealed the total payroll tax returns to the Government from the project and associated economic activity will be just $300,000 per year - barely one per cent of the amount taxpayers will have to fork out just for the interest payments on the stadium debt.

This scuttles the claims the Government was falsely making that the stadium will help to fund health, housing and cost of living.

The unredacted report shows the stadium will leave our economy worse off and divert money away from essential services-not just today in the middle of a health, housing and cost of living crisis, but for decades to come.

Little wonder Jeremy Rockliff tried to hide this figure from Tasmanians by redacting it.

The Premier has staked his leadership on this reckless project, which Government reports prove will be an absolute dud. He then tried to hide the truth from Tasmanians, and continued misleading them about the stadium helping the Government to invest more into essential services.

The stadium is a reckless waste of $1 billion of public money when there are so many other higher priorities that need investment.

Rebecca White MP

Tasmanian Labor Leader

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