Media release – Jeremy Rockliff, Premier, 23 February 2025
Massive economic boost with Wilkinsons Point transformation
An economic boom for the northern suburbs will be activated with the Tasmanian Government reaching an agreement to stimulate private development on surplus Crown Land at Wilkinsons Point.
In one of the most significant private investments made in Tasmania, LK Group is set to invest $500 million to transform Wilkinsons Point.
The Tasmanian Government has agreed to sell the Crown Land at Wilkinsons Point to the LK Group at a value determined by the Valuer-General to enable the development of:
- A multi-use retail precinct;
- A family resort; and
- A hotel complex.
Premier Jeremy Rockliff said that the development will transform the waterfront precinct and provide an economic boom for the state.
“The Tasmanian Government is backing business, jobs and economic growth,” Premier Rockliff said.
“It’s clear that investors can see the potential here in Tasmania, and an investment of this size is a huge vote of confidence in the Tasmanian economy and the northern suburbs.
“By partnering with private enterprise, we are excited for what will be more than $1 billion in economic activity that will follow.
“This is a massive win for our tradies and local suppliers, with thousands of jobs and years of work set to be activated across three exciting stages of development on the site.
“Not only will new jobs be created during the construction period, but there will also be hundreds of ongoing jobs as a result of this transformational project.”
As part of the agreement, the Tasmanian Government will proceed with developing common-use infrastructure including the Wilkinsons Point ferry terminal, services and associated parking facilities.
“We are activating the northern suburbs corridor, and the expansion of our ferry network will further benefit connectivity in the area,” Premier Rockliff said.
“With MONA continuing to lead the global art scene and Simon Currant’s innovative immersive experience planned for Cadbury’s in Claremont, the northern suburbs will become a tourist destination with this world class development and infrastructure.
“The Tasmanian Government will continue to partner with private enterprise to unlock more investment, create more jobs and drive more economic activity in Tasmania.”
Statement – Bec Thomas MLC, 23 February 2025
THOMAS CALLS FOR MORE DETAIL ON TERMS OF WILKINSONS POINT LAND SALE AND GREATER INVESTMENT IN COMMUNITY SPORT
I’m pleased to see LK Group honouring its commitment to develop the land at Wilkinsons Point, as per the in-princip;e 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.
A $500m development at 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.
However, the local community and indeed all Tasmanians deserve to know more about the terms and conditions of the land sale and the 2020 agreement between the Government and LK Group more broadly. They can be assured I’ll be asking questions and doing all I can to make sure this is a fair deal for my local community and all Tasmanians.
The local community also deserves greater investment in community sporting facilities. Whilst I’m a big JackJumpers fan and support government investment in professional sport, I’ll continue to strongly urge the Government to prioritise the development of grassroots courts and grounds, so no child misses out on the opportunity to participate in sport.
In the spirit of public private partnerships, perhaps LK Group may also consider contributing some of the profits made from the sale of the Jack Jumpers to community sport facilities in Tasmania, so all young JackJumpers fans have somewhere to play ball.
