Tasmania is to star in the international spotlight as dozens of American TV producers, filmmakers and global company chiefs flock to the state in the next six months to prepare movies, cable TV shows and product promotions. Tourism Tasmania CEO Felicia Mariani revealed the coup yesterday after 12 days in Los Angeles and New York for the G’Day USA festival.
An Allens Consulting Group analysis — commissioned by Gunns — predicted the most likely impact of the mill would be a gain of $3.3 billion.
Dr Brain took into account factors including the cost of lost tourism and the risk of chemical spillage, Gunns changing ownership, a blow-out in capital costs, deaths and sicknesses from environmental damage and the closure of two other paper mills in northern Tasmania.
Allens Consulting had underestimated the opportunity cost of logs consumed in the pulp mill, which could be exported as high-value timber, and the cost of agricultural land clearing, Dr Brain said.