Tasmanians will be left waiting for the state's Opposition to put forward its clear position on the Macquarie Point stadium following the release of the Tasmanian Planning Commission's (TPC) assessment of the project.

The planning commission on Wednesday recommended that the government and Macquarie Point Development Corporation (MPDC) should not proceed with the stadium as its disadvantages outweighed its benefits.

It estimated that the state will accumulate $1 billion in debt for its construction, and that debt would rise to $1.8 billion over 10 years.

The planning panel said the government would need to raise taxes by $50 million a year over 30 years to pay for the stadium.

Premier Jeremy Rockliff said the planning commission had "massively underestimated" the project's social and

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