In another great sign of confidence in Tasmania, the first sod has today been turned on the landmark $300 million Kings Quarter development in Kingston.
Premier Peter Gutwein said the development is a bold, innovative project that demonstrates the confidence in our state and our growing economy.
“The first stage of the development will result in the construction of 80 new, environmentally responsible homes, along with associated infrastructure, delivering over 60 jobs per annum during construction and over 600 new jobs once complete and millions of benefits to the local Kingborough community,” the Premier said.
“We are focused on growing our economy, creating jobs, and getting even more Tasmanians back into work as we continue to rebuild a stronger Tasmania, and projects like this are exactly what our State needs as we continue to recover.
“Traders in Purple are a significant investor in the Tasmanian economy, reflecting the company’s faith and confidence in our State as the place to invest.
“It’s another positive step in our ongoing recovery, and comes after the Revised Estimates Report released earlier this week confirmed improvement in the State’s financial position, and our economy is growing faster than expected.”
Minister for State Growth Michael Ferguson said the development was fantastic news for local businesses and the broader Kingborough economy.
“Today marks the beginning of a development that will ultimately encompass a range of housing types, as well as retail, dining, entertainment and office space, centred around the Kingborough Council’s new multimillion dollar public park and playground area,” Minister Ferguson said.
“It will bring jobs, investment, and numerous economic benefits to our State, which will be vital in our economic recovery from the pandemic.
“The Tasmanian Government is playing its part to future-proof the area with $72.3 million committed for initiatives that will support improved southern transport access to Hobart city, a key component of the Hobart City Deal.”