ENTREPRENEUR Errol Stewart has almost completed plans for a new tower development and will shortly ask the Launceston City Council to consider selling a parcel of land for the project.
Mr Stewart was rebuffed with his proposal for a 20-storey tower at the bowls club site at Royal Park but says plans for a scaled down tower on a new site are progressing well.
He wants to build a 10-storey hotel costing around $15 million with 64 rooms, a bar and bistro on the ground floor, plus a fine-dining restaurant, conferencing area, and bar on the top floor.
He will not reveal the site, except to say it is within a one-kilometre radius of his Jackson Motor Company car business and the Seaport, but says the plan involves buying land from the council.
The site would be around 6000 square metres and include a car park. The block size has previously been incorrectly reported.
Mr Stewart said yesterday the financial and engineering aspects of the project stacked up and he wanted to brief council staff and aldermen on his plans.
He said he hoped to announce more details at a JMC function being held in Launceston on January 19 to mark 20 years since he bought the JMC business.