The master plan lays out the vision for the new stadium and surrounding precinct and the strategy that will bring the stadium to life.
Housing is also part of the plan for the redevelopment of the area, with the Commonwealth Government also approving the housing plan.
The approvals are a key milestone for the redevelopment to receive $240 million in federal funding.
“Macquarie Point will become a world-class, year-round destination for Tasmanians and bring a significant boost to the state’s tourism sector,” said Australia’s infrastructure minister, Catherine King.
“I look forward to continuing to work with the Tasmanian Government to deliver this significant project for Hobart.”
The 23,000-seat stadium will include significant space for business events, with a function room able to host events of up to 1,500 delegates. A stage pocket will also be part of the design, facilitating more cost effective events and concerts at the stadium.
“Our vision for Macquarie Point will turn this industrial wasteland into a thriving precinct, and we’re pleased the federal government has endorsed our way forward,” said the state’s Macquarie Point urban renewal minister Eric Abetz.
“This entire project will be distinctly Tasmanian bringing together sports, entertainment, hospitality, accommodation and more into what will be a brand new community precinct for the whole state.
“With this next step complete it signals to the business community, to hoteliers, to builders, to tourism operators and more that now is the time to get ready.”
A requirement by the AFL for Tasmania to have its own team, the stadium has been a controversial development for Tasmania, with an independent review finding its cost had been underestimated while the Tasmanian Planning Commission recommended that the stadium development should not go ahead.
There were rallies for and against the stadium in the lead-up to a final vote on the project in Tasmania’s parliament last December.
