UTAS Stadium upgrade would fall under a Liberal election promised stadium trust

Premier Peter Gutwein said the trust would "enable the investment needed in our facilities and make them competitive host venues on the world stage".

The cost to establish the "Stadiums Tasmania Trust" would be $5 million per year.

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Mr Gutwein said, as part of the election promise, a 100 day deadline would be put on commencing formal consultation about the trust with Launceston council and Clarence council.

Short of taking complete ownership of the stadium upgrade, a consideration Premier Gutwein said he would make in February, Mr Gutwein said the trust would "enable the investment needed in our facilities".

"It is estimated that over the next 10 years we will need to commit up to $500 million on stadium upgrades," he said.

He said committing to upgrading current Tasmanian stadiums would make those venues more competitive on the world stage.

The trust would be tasked with borrowing $65 million for the UTAS stadium development, $5 million for Silverdome works and $6 million for Blundstone Arena.

The possibility of a stadium in Tasmania being fitted with a roof is also on the agenda.

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