Macquarie Point is prime real estate located between Hobart's historic waterfront, and one of the city's major arterial roads.

The stadium was originally scheduled to begin construction in 2025 and to open in 2029 as the home ground of the Tasmania Football Club.

The closure of the South railway line terminal and opening of the Brighton Transport Hub[4][5] led to the site's identification as a location for urban renewal.

[7] Various proposals for the site, including a 2016 masterplan by acclaimed Australian architect John Wardle were developed, primarily with a focus on retail, hospitality, public space and residential.

Tasmania is a heartland AFL state, with deep historical and cultural roots to Australian Rules Football.

In November 2024 the Tasmanian Planning Commission made a request for substantial additions to the information provided by MPDC on the project.

In 2025, an independent report commissioned by the Tasmanian government from economist Nicholas Gruen, found total expenses would exceed the projected figure by $321 million, bringing the overall cost to approximately $1.1 billion.

[20] Concerns centre on site selection, the high cost and long-term impact on the State's debt, project timelines and lack of government transparency.