METRO Cinemas is interested in opening a cinema complex at Inveresk after its first bid to do so was abandoned over a decade ago.
The Launceston City Council has been in negotiations for the past two weeks to sell a 3440-square-metre parcel of land on the North Esk to the company so it may develop it.
The cinema complex would be built next to the University of Tasmania's proposed student accommodation facility on the North Esk.
It is believed the development is worth up to $10 million and would employ at least 60 skilled and unskilled workers during its nine-month construction.
The complex would employ seven full-time and more than 30 part-time or casual staff when it opened.
This is the second time that Metro has attempted to open a cinema complex at Inveresk.
Metro had proposed in 2002 to open a $5 million, six-screen complex with two 340-seat theatres, three medium-sized theatres and a more exclusive 138-seat auditorium.
Matthews Constructions bought land at Inveresk exclusively for a cinema that year for between $500,000 and $550,000 but offered it back to the council three years later when Metro pulled out of the plan.
The development received objections to its height and location.
A cinema fits in with the council's philosophy to make Inveresk a cultural precinct.