THE Launceston City Council has spent five years looking to develop the Wellington Street site slated for a Woolworths supermarket, general manager Robert Dobrzynski says.
Mr Dobrzynski said the council had spent the past six months working with Woolworths on its $10 million proposal, which includes a 3800 square metre supermarket and 160 undercover car parking spaces.
``These developments create jobs during the construction phase and in the operational phase later on, which is fantastic for our economy,'' he said.
``Ultimately we believe the Woolworths proposal is a major shot in the arm and a significant display of confidence for the Launceston economy.''
Mr Dobrzynski said the council was negotiating on a number of major developments, including Woolworths' proposed discount store Big W at Kings Meadows, totalling more than $100m.
``We are optimistic these projects will become a reality,'' he said.