In short:
The Tasmanian government will shift away from its plan to seek private investment to help fund the proposed Macquarie Point stadium, opting to fund the construction through existing funding and extra borrowings.
The government plans to sell off the broader Macquarie Point precinct to pay for the loan, which is expected to be in the hundreds of millions.
What’s next?
Special legislation is set to be introduced by the government, which aims to fast track the parliamentary approval process for the stadium.