The 23,000-seat roofed venue at Macquarie Point, slated to cost $775 million, has an expected 2029 completion date.
The Tasmania Devils entry into the national men's league in 2028 is contractually tied to the construction of the stadium, which has divided public opinion.
Macquarie Point Development Corporation chair Kim Evans and CEO Anne Beach will appear before a state parliamentary committee on Wednesday.
Economist Nicholas Gruen, whose independent assessment of the project found it would blow out to more than $1 billion, will also give evidence.
Dr Gruen's January report said the stadium was being built in the wrong spot and its economic benefits had been overstated.
The Liberal state government, which signed the deal with the AFL, has pledged to cap its spend at $375 million.
The federal Labor government is chipping in $240 million for development at the site, while the AFL is contributing $15 million.
The state government, contractually liable for any cost overruns, said private investment would be sought to make up the funding shortfall.
The project is being assessed by an independent planning body which is expected to provide a draft report by the end of March and a final report in September.
The project must then be voted through state parliament, including an independent MP-heavy upper house, to get the green light.
The Labor opposition supports the stadium but has raised concerns about the Liberal government's financial management.
Tasmania has long campaigned for a team in the AFL, with the fledgling club attracting more than 200,000 members since its official launch in March 2024.
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