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flag Tasmania's new $1 billion waterfront stadium project for an AFL team license faces funding and approval hurdles.

flag The cost of a new waterfront stadium in Tasmania for the state's AFL team license has risen to nearly $1 billion from an initial $715 million. flag The 23,000-seat Macquarie Point stadium in Hobart is crucial for the team's entry in 2028. flag The Tasmanian government will fund $375 million, with the federal government contributing $240 million, and the AFL $15 million, with the rest from state borrowings. flag Fast-track legislation is being implemented, but approval in the upper house is uncertain due to concerns from independent MPs. flag Tasmania faces financial penalties if the stadium isn't 50% built by October 2027 and ready by 2029.

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