Speaking on respected journalist Gerard Whateley's SEN radio program on Monday morning, Godfrey described Tasmania as "as good as it's ever been".

But he had a contrasting view on its football and potentially, its prospects.

"Mark my words ... if nothing does happen and the state decides that it has got better use for its money, particularly with basketball and A-League showing way more interest, 2021 will be the year that people look back to and go 'they had a chance'," he said.

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"There was documentation and there was a state that was prepared to underwrite their own team. No other state in the AFL is willing to do that but Tasmania is but they've got to say, and I back them on this, enough is enough."

With Basketball Tasmania and the JackJumpers aiming to make the sport Tasmania's biggest by 2024 and football's participation numbers already on the slide, Godfrey said the state government may decide to put their money somewhere else if a timeline towards a side isn't produced. Despite this, he admits it doesn't have to be done tomorrow.

"All we are saying is put a line in the sand and let's work towards it, you can do anything if you want to do it," he said.

"If something isn't done this season and the Tasmanian government keeps its word and walks away from these contracts [Hawthorn and North Melbourne], AFL will become a dark sport in Tasmania and I think that's terribly sad."