Work on the redevelopment of the Derwent Entertainment Centre (DEC) will begin next month.
The site area plan for the transformation of the DEC and surrounding Wilkinsons Point has been approved by the Tasmanian Planning Commission. The approval opens the way for a $150 million retail, restaurant and hotel development.
This news follows the sale of Wilkinsons Point to the Tasmanian State Government and the LK Group, as well as the announcement of a new Tasmanian NBL team.
Expressions of interest are now open to take part in the major retail precinct at the reinvigorated Wilkinsons Point.
The DEC and greater Wilkinsons Point will be home to the new Tassie NBL team, as well as a major art and entertainment precinct.
NBL Owner and Executive Chairman Larry Kestelman is excited for development to begin.
“As well as the DEC we want to start the transformation of the surrounding area including a new retail precinct which we expect will attract a lot of interest from local retailers,” he said.
“The DEC will be transformed into a world class venue for Tasmania, hosting NBL games in front of over 4,000 fans and feature first class corporate facilities, state of the art audio-visual experiences and brand-new amenities for families.”
The DEC will be able to host a crowd of over 8,000, meaning Tasmania will have a new venue to host large music tours as well as conventions and other major events.
The Chief Executive Officer of Team Tasmania, Simon Brookhouse, welcomed the approval of the plans.
“As the Tasmanian Premier Peter Gutwein said, the development of the DEC and surrounding area will boost economic activity in Tasmania, attract new investment and create hundreds of new jobs,” he said.
Brookhouse also emphasised the redevelopment as a bonus for the new NBL team.
“Importantly, it will also put Tasmania on the national and international stage with its own NBL team and we look forward to building a great team all Tasmanians can be proud of.”