Stadia Precinct Updates MAC2.0 Progress in The Mercury.
On Sunday, October 6th, the Stadia Precinct issued several statements to The Mercury Media regarding the progress of MAC2.0. These statements addressed key concerns from the Tasmanian public, particularly the cost of the stadium, and introduced the first look at the internal features of the stadium’s apartments and atrium.
In August 2024, Stadia Precinct announced Capella Capital as its official finance partner, operating under a Public-Private Partnership (PPP) model. This structure ensures that there will be no additional cost to the Tasmanian public and the stadium will be owned wholly by the Tasmanian people.
Our team has worked tirelessly to strengthen the credibility of our proposal, focusing on collaboration with groups like the RSL and the Tasmanian Symphony Orchestra to ensure the stadium respects and preserves existing cultural landmarks and buildings.
Stadia Precinct submitted an unsolicited bid to the Tasmanian government on June 28, 2024. While we await a response from the panel appointed to review our proposal, we remain committed to our goal of completing the stadium by 2029.
Our proposed stadium location will enable the Macquarie Point Development Corporation to fulfil its commitment to building a Truth and Reconciliation Park and a Tasmanian Aboriginal Cultural Centre, thanks to our strategic project placement and planning. By preserving Evans Street from construction, we can focus on additional initiatives that benefit the community.
“Our proposal goes beyond the construction of a stadium,” our statement reads. “It includes essential community infrastructure such as a new inner-city private hospital and affordable and social housing, that address social and economic needs. Additionally, the inclusion of conference facilities and a hotel will enhance Hobart’s appeal to high-value visitors, supporting the state’s goals for sustainable tourism and growth. Importantly, our location and funding model allow us to deliver these projects without additional cost or risk to the state."
Our goal from the very beginning has been to build an urban renewal project – a community-based centre that will stimulate the economy, promote job growth, boost business, and encourage tourism 365 days a year.
To read the full article, visit www.themercury.com.au.
