Stadium's estimated cost blows budget by $60m

Tasmania's Minister for Sport and Events Nic Street discusses Hobart's new waterfront stadium. Video by AAP.

Transcript

00:00We know what it's going to deliver, not just for Hobart but for the whole of Tasmania.

00:14$375 million of state government money committed to this project will deliver an AFL team for

00:21Tasmania, which we've been waiting years for.

00:23More than that, we've talked about the fact that this is about so much more than football.

00:28The ability to have conferences here of a scale that we're not able to attract at the minute,

00:33the ability to have a world-class facility right next to the CBD,

00:37and everything that that brings is going to be a terrific investment for Tasmania.