Glenorchy City Council has voted unanimously to sell the Derwent Entertainment Centre and Wilkinsons Point to the Tasmanian Government at a Special Council Meeting held today.
The sale, set to occur mid-year, paves the way for the development of an iconic waterfront precinct at Wilkinsons Point precinct, which has been a long-standing goal of Council.
The proposed development on Wilkinsons Point will add $102 million per year to the Gross Regional Product of the Greater Hobart economy, and create nearly 1200 full-time jobs.
Mayor Kristie Johnston said this was a win for the Glenorchy community, as well as the broader Tasmanian public.
“This will enable the development of Wilkinsons Point as a sports and entertainment precinct, which is consistent with Council’s long held ambition for a richly vibrant waterfront, creating a place that is engaging, contemporary and culturally significant,” Mayor Johnston said.
“Selling to the State Government means the DEC is staying in the community’s hands, and the proposal put forward by LK Group means Tasmanians will reap the benefits of a joint public/private investment – it’s the best of both worlds.
“The DEC is a regional facility used by people from all over the State, but Glenorchy’s ratepayers have been footing the bill for its ongoing maintenance and operation. With the State Government taking ownership, all Tasmanians will now contribute to the upkeep of the centre that has created fond memories for many over the years.”
Under the agreement with the Tasmanian Government, Council will retain a 20-metre strip of foreshore land to guarantee continued public access to Wilkinsons Point and the GASP boardwalk and pavilion.
The sale price will be made public once a final sale agreement between Council and the Tasmanian Government has been signed.
“While the exact terms of the agreement, including the sale price, are not yet able to be released, Council is happy with the terms proposed and the agreed price.” Mayor Johnston said.
“Proceeds from the sale will be reinvested into the local community through our Future Glenorchy program, which sees Council working with developers, our partners and our people to grow the economy and to ensure our city is a great place to live.
“Future Glenorchy includes projects to facilitate development across our city, to improve our paths, tracks and trails and to make our city greener.”