COVID-19 Response – Development Stimulus Program

At its upcoming meeting on Monday 28th September, Devonport City Council will be considering a significant new initiative as part of its LIVING CITY urban renewal program that is designed to stimulate economic activity and development within the Devonport CBD in response to the impacts of the COVID-19 pandemic.

The initiative proposes to release four sites within the CBD to the open market via an Expression of Interests (EOI) process that will consider submissions for private sector development against a broad range of selection criteria.
The criteria address issues such as the experience and capacity of project proponents, the commercial viability of their submissions, along with the financial, economic and social benefits that may be realised via their project proposals.
Devonport City Council Mayor, Cr Annette Rockliff said Council’s investment in new infrastructure and the strategic transformation of the Devonport CBD as part of the LIVING CITY Masterplan, is about setting the city and region up for growth and success into the future.
“Public sector investment in the early stages of the Masterplan implementation has been critical to establishing exciting opportunities for complementary private sector investment and job creation.
“With the $40M private investment in the new waterfront hotel now on the ground, the time is right to commence planning for the next stages of LIVING CITY.
“As we look to recover from the impacts of the COVID-19 pandemic, ensuring Council is acting strategically to realise opportunities for the private sector to contribute to this recovery are critically important. Construction is such an important part of our local economy.”
In selecting the sites to be included in this EOI process, consideration has been given to a range of factors including the inclusion of sites that can be progressed to development in a timely manner, and sites that will cover a range of development types and scales that will maximise the opportunity for local developers and investors to participate.
Whilst most of the identified sites provide some public car parking at present, this may not necessarily be lost, depending on the final development outcomes.
“Council is committed to ensuring adequate convenient parking capacity remains now and into the future and the location of parking will form part of Council’s consideration. Ultimately, it is about making the best use out

of valuable CBD land,” said Mayor Rockliff.

Details of the proposed EOI process, development sites and selection criteria are available via the Council Meeting Agenda published on the Devonport City Council website.
/Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here.