The Australian Government will commit an additional $65 million towards the planned UTAS Stadium redevelopment in Launceston.
This matches the commitment already made by the Tasmanian Government, and will accelerate the transformation into a hub of economic activity for Tasmania's north.
The funding injection means stages 1 and 2 are now able to be completed and the project can be enhanced to meet the regions needs for the longer term.
The co-investment will guarantee Tasmanians have access to world class entertainment no matter where they live. UTAS Stadium is already set to benefit from a new entertainment precinct, dining options and player facilities.
Stage 1 works are expected to be completed in early 2025 and a new Stage 2 work program will now be planned, with input from stakeholders.
Quotes attributable to Prime Minister, Anthony Albanese:
"My Government wants to realise a whole of state vision, one that will strengthen Tasmania's economy, create jobs and provide better facilities for people to enjoy.
"The Government is already investing in the redevelopment of the University of Tasmania's Inveresk Campus will help revitalise the Launceston region, with a modern campus which is also a hub for all members of the community."
Quotes attributable to the Premier of Tasmania, Jeremy Rockliff:
"The Tasmanian Government's $65 million had been committed to the UTAS redevelopment to deliver a new, enhanced Eastern stand, improved playing facilities and a new entertainment precinct.
"This will ensure UTAS Stadium is future-proofed and able to deliver economic benefits for the region across the long term,"
Quotes attributable to the Minister for Infrastructure, Transport, Regional Development and Local Government, Catherine King:
"The funding for the UTAS Stadium upgrades is part of our commitment to support growing cities.
"The Australian Government's investment will support the economic growth of Launceston, while also enhancing the sporting legacy of this great city."
