Macquarie Point Development Corporation

The Property Council today acknowledged the State Government’s intervention in the Macquarie Point Development Corporation. 

“Given the resurgence of Hobart and unprecedented investment, this is the perfect opportunity to call “Time Out ” after the extensive canvassing of expressions of interest and the major costs being identified in relocating the sewage treatment plant,” said Executive Director Brian Wightman

Mr Wightman offered that the site was of strategic importance to the Hobart central business district which should provide significant opportunities over the next couple of decades, however there was no need to rush.

“Macquarie Point is an important strategic and economic development and investment site for Hobart, and we need to be ready to go when there is a compelling case.

“In the meantime remediating the site including relocating the sewage treatment plant should be the Corporations number one priority so they are site ready.

“The Government’s intervention is important as it allows current investments in Hobart to be consolidated without more supply flooding the market.  We are fortunate in Southern Tasmania to be able to set aside Macquarie Point for a compelling use.”

The Property Council further recognised the significant investments occurring in Hobart and expressed excitement about the opportunity for urban renewal and further developments.

“The Royal Hobart Hospital, Parliament Square, a number of University of Tasmania developments and the hotels under construction have delivered a level of excitement and confidence in the Capital City.

Mr Wightman reiterated the importance of the State Government showing stronger leadership with water and sewerage reform in the State .

“Macquarie Point requires a significant spend to relocate the treatment plant.  The reset period should allow the State Government to ensure that how and when this occurs is clearly understood.

“The Property Council continues to urge the State Government to take control of water and sewerage reform across the State.

“Councils’ legacy is a history of under-investment, and with TasWater struggling to find the reform funds required, it is essential that the State Government either brings together all levels of government, or take ownership,” he said.

Mr Wightman said that the Property Council looked forward to working with the Macquarie Point Development Corporation into the future.