The fate of the planned Macquarie Point stadium, and ultimately Tasmania's AFL dreams, hinges on a critical report on the project due to be released on Wednesday.

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The Tasmanian Planning Commission (TPC) is expected to release its final assessment on the project mid-week, and then it will be in the hands of both houses of parliament to sign off on its approval, or otherwise.

Both houses of Parliament will need to approve the stadium as a Project of State Significance once the Tasmanian Planning Commission releases its fi

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