Michael Ferguson,Minister for State Growth
The landmark $300 million Kings Quarter development in Kingston is a bold, innovative project that is a sign of confidence in Tasmania's economic growth and recovery.
The development will create a dynamic new destination that meets the varying needs of the local community.
Phase one of Kings Quarter includes the construction of 67 new, environmentally responsible homes, along with associated infrastructure.
Kings Quarter will encompass a diverse mix 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.
Along with the significant private investment into the state by developers Traders in Purple, the Tasmanian and Australian Governments have contributed funding to support projects and access in the region.
The Kingston Park project has received a $2.8 million commitment through the Building Better Regions Fund, and the Tasmanian Government is contributing $72.3 million to a package of initiatives that will support improved southern transport access to Hobart city, a key component of the Hobart City Deal.
As part of our COVID-19 recovery efforts, the Tasmanian Liberal Government has also expanded the first home builders funding of $20,000 for any owner-occupier to build a house, and committing $100 million for social housing.
Our COVID-19 recovery packages include a $1.8 billion infrastructure plan that will generate an estimated $3.1 billion in construction over the next two years.
Confidence is key as we rebuild a stronger Tasmania, and projects like this, along with state and federal stimulus, are vital to our recovery and job creation.
