Private capital firm Plenary Group confirms interest in funding Hobart's Macquarie Point AFL stadium

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Stadium News

Stadium 2.0,Macquarie Point,Tasmania

The private capital firm behind Melbourne's $1.75 billion Convention and Exhibition Centre and South Wharf precinct has confirmed it will throw its hat in the ring to fund the proposed AFL stadium precinct in Hobart.

Private capital consortium Plenary Group will bid for the right to partner with the Tasmanian government to deliver the proposed Macquarie Point AFL stadium.

The ABC can reveal Plenary Group, which was co-founded and chaired by Richmond football club president John O'Rourke, will bid for the right to deliver the broader Macquarie Point precinct, including the stadium.Managing director Damien Augustinus told the ABC that the Tasmanian government had a "golden opportunity" to partner with the private sector to deliver the project.

Under a public-private partnership , assets including the stadium would be wholly owned by the Tasmanian government, with Stadiums Tasmania to operate the arena. With that number likely to balloon, the amount of private capital will need to be in the hundreds of millions to cover any increased cost and the broader precinct build.

"Would there be interest? Absolutely. The talk of the Macquarie Point stadium amongst PPP providers that I talk to is very high, and you'd expect a very competitive field to line up." How 'rapid buses' will bring fans to Hobart AFL stadium and Macquarie Point precinct revealed in draft plan

 

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