The Macquarie Point Project is a once-in-a-lifetime opportunity and we need to get it right.
In mid-2012, the Australian Government committed up to $50 million to support the remediation of the Macquarie Point site. This was formalised through a Project Agreement, which was signed by the Australian and Tasmanian Infrastructure Ministers in June 2012 and subsequently amended in November 2013.
The Macquarie Point Development Corporation was appointed (Legislation November 2012) to plan, facilitate and manage the remediation and redevelopment of the site, ensuring it:
- is redeveloped as a vibrant and active area, with a mix of uses, that connects with and complements adjacent areas within Hobart;
- encourages inner-city living;
- delivers sustainable social and economic benefits to Hobart; and
- is redeveloped in accordance with sound planning, urban design and environmental principles.
As part of its role, the Corporation was responsible for overseeing the redevelopment of the Brooke Street Pier, located in Sullivans Cove.