Legislation that will enable the Macquarie Point Urban Renewal Project has been released for public consultation.
Minister for Business, Industry and Resources, Eric Abetz, released the draft enabling legislation that will provide the appropriate permits for the Government to proceed with the development of the Macquarie Point Precinct vision.
With the Parliament's approval, the legislation will permit the commencement of a multi-purpose stadium which will deliver thousands of jobs and an unrivalled level of economic activity.
"The Government has reviewed and acknowledged the concerns and challenges raised within the draft Integrated Assessment Report by the Tasmanian Planning Commission," Minister Abetz said.
"This draft Bill and subsequent planning conditions addresses these points and demonstrate the efforts by the Government to ensure the legislation is comprehensive.
"The enabling legislation and supporting materials are hundreds of pages long, carefully addressing concerns, permits and conditions.
"We are confident that this legislation provides the necessary details for the Parliament to provide their support."
The permit includes conditions requiring subject and site-specific expert management plans to be finalised and submitted to the relevant regulator for approval before construction or operations can commence, which is standard for large-scale commercial development approval.
The Government has also agreed to the request of the Tasmanian Symphony Orchestra for additional works to soundproof the Federation Concert Hall, noting that it will have benefits well beyond the impacts of the stadium.
"We have been remediating and preparing Macquarie Point for development for over twelve years, and we know this land is the best available CBD site for a stadium," Minister Abetz said.
"It is time to draw a line in the sand and provide certainty for our own AFL Team and the enabling infrastructure that is critical to make our team a success.
"The impact the multipurpose stadium will have on our economy, jobs, and investment is simply an opportunity we can't miss.
"Now, it's time we got on with building it."
As part of the enabling legislation, the Government has also announced revised cost estimates for the project, following a robust assessment by an experienced quantity surveyor.
The total cost of the multi-purpose stadium is estimated to be $945 million,
incorporating improvements that will enhance the stadium user experience to
better cater for a wide range of planned uses, including helping to facilitate cricket at the venue. It also accounts for detailed items such as audio-visual,
communications, kitchen, and food and beverage fit-outs.
The Government has always been clear that the balance of funding required would be made up of borrowings by the Macquarie Point Development Corporation.
Consultation material, including the draft Bill, Project Report, draft Permit and Conditions, and the feedback submission portal is at www.tas.gov.au/stadium-legislation.
The consultation material can also be viewed in person at:
Consultation closes Monday 16 June 2025.
