Prime Minister Anthony Albanese pledges $240 million for Hobart stadium | ABC News

Prime Minister Anthony Albanese has officially announced the federal government will contribute $240 million for a stadium on the Hobart waterfront at Macquarie Point.

The Macquarie Point stadium announcement comes a day after the PM joined Premier Jeremy Rockliff to say the federal government would tip in $65 million to upgrades at Launceston’s York Park.

The Tasmanian government has committed $375 million to the $715 million project, with $15 million from the AFL and $85 million in “borrowings against land sale or lease for commercial uses”.

It left a $240-million gap for the Commonwealth to fill, sparking vigorous political debate both in Tasmania and federally, and drawing opposition from state Labor, Greens and independents, as well as from Tasmania’s federal Liberals and independent MP Andrew Wilkie.

Read the rest of this story…