Published 30 days ago • loading... • Updated 30 days ago

$500 million transformation set for Wilkinsons point

Summary

A section of government-owned land at Wilkinsons Point will be sold off to private investment organisation, Larry Kestelman’s LK Group, and turned into a multi-use retail precinct, family resort and hotel complex. Independent Member for Elwick Bec Thomas said she was pleased to see LK Group honouring its commitment to develop the land at Wilkinsons Point, as per the in-principal agreement struck with the government five years ago. “Given the significant level of support LK group has received from the government and people of Tasmania and the ensuing success of the JackJumpers, it will be pleasing to see this re-investment in Tasmania and its people come to fruition,” she said. “A $500 million development provides a huge boost to our local jobs and economy. “New retail, hospitality and tourism offerings significantly uplift the area for locals and visitors alike, helping to realise the true potential of Glenorchy.

This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.