THE silos hotel tower proposal by Errol Stewart is the latest in the redevelopment of Lindsay Street's former industrial waterfront.
The Invermay street is a hive of activity with projects including the conversion of the old Gunns timber mill to a Bunnings and commercial precinct.
Across the road and next to the silos, the Launceston City Council is demolishing one of the old Roberts woolsheds, which are plagued by vandalism, fire hazards and asbestos.
Sitting in front of the Launceston flood levee, due to be finished mid-year, is the area known as North Bank.
The massive waterfront site is subject to a master plan process aiming to convert it to open community space.
In fact the area was rezoned as open space, which invites "passive recreation and natural or landscape amenity", according to the Launceston interim planning scheme introduced in October.
The white elephant is the Boral concrete plant occupying North Bank.
The council has acquired Boral's land as part of the flood levee process but the company's relocation has not been resolved.
"There is a sense of urgency from the perspective that the flood levee is going to be completed soon and obviously we would like to have Boral relocated prior to that," council general manager Robert Dobrzynski said.
"We will be looking to conclude that as a matter of some priority."
- PATRICK BILLINGS