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PM Anthony Albanese announces $65m federal funding for York Park upgrades in Launceston

Anthony Albanese, with Tasmanian Premier Jeremy Rockliff (front right), at the first of two announcements for stadium funding. (ABC News: Jessica Moran)

A day before an expected announcement of $240 million for a stadium at Hobart's Macquarie Point, Prime Minister Anthony Albanese has put in $65 million for an upgrade for Launceston's York Park.

He visited the northern Tasmanian city on Friday afternoon to make the first announcement, which would provide for a new entertainment precinct, dining, player facilities and an improved eastern stand.

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