A detailed cost breakdown reveals the proposed stadium's maintenance and upkeep expenses will reach $171 million over 30 years, raising concerns about funding and potential state liability.
The ABC has obtained a more detailed cost estimate for the proposed Macquarie Point stadium, with newly released information showing a breakdown of $171 million over 30 years for maintenance and upkeep — on top of its construction cost. The information — obtained from the Macquarie Point Development Corporation — also shows the annual cost of construction delays, the amount being spent on consultants and how much the roof will cost.
The way that lifecycle costs are funded could depend on how the government negotiates a public-private partnership, however economists fear the state will end up footing much of the bill.Further details around the upkeep and maintenance estimates for the proposed Macquarie Point stadium in Hobart have been disclosed — but it's yet to be determined who will foot the nine-figure bill. The ABC has obtained a detailed cost estimate document from the Macquarie Point Development Corporation (MPDC) under right to information laws. MPDC had previously only publicly released an abridged four-page estimate, however the full document runs to 106 pages and includes until-now unreleased details. It shows a breakdown behind a lifecycle cost estimated to be $171 million over 30 years, which includes $62 million in upkeep and maintenance for the translucent roof. The cost estimates have a lengthy list of new items not yet accounted for, including pitch equipment, financing and legal costs, control room fit-outs and Stadiums Tasmania offices.Other lifecycle costs include $21 million for facade costs, $19 million market loading for non-local trades, and $10 million for electrical and IT.A leading independent economist tasked with reviewing Tasmania's proposal to build an AFL stadium on Hobart's waterfront finds the project is 'already displaying the hallmarks of mismanagement' and is likely to exceed $1 billio
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