The Liberals’ Mac Point Stadium is a dud deal!
The full cost-benefit analysis for Jeremy Rockliff’s new Hobart stadium proves the proposal is a complete financial and economic dud.
The Premier must stop peddling completely fabricated tales of the Stadium being great for the Tasmanian economy.
As the analysis itself says, “the economic costs… outweigh the economic benefits.”
With a benefit to cost ratio of just 0.5, this project will lose at least 50c for every dollar invested, which is a completely reckless waste of public money and proves once and for all that the Government’s claim that the stadium will help to fund health and housing is completely false.
In fact the business case is so bad if Premier Rockliff builds this stadium the state will actually be $300m worse off!