Lengthy discussions were held regarding a motion to change the council's North Bank master plan, which originally included retaining four bays of the site's infrastructure for community use.

Six representations from the public gallery were made against the motion, many citing a lack of community consultation surrounding the new master plan demolition proposition.

Alderman Danny Gibson attempted to pass a motion that would see the decision deferred for consultation until the new council met next month.

"The reality is some of the woolstore structure was going to be there," Alderman Gibson said.

"Now they're all going to go, (the community) needs the opportunity to refocus their thoughts and come back through some form of consultation."

The motion was supported by aldermen Ted Sands and Ian Norton but failed to pass.

Developer Errol Stewart said his move to demolish the sheds came as a result of unviable figures involved in retaining the structure for use.

Mr Stewart said about $5 million would be required to repair the woolstore and a further $3 million would be needed to build a flood levy around the site.

Alderman Tony Peck closed the motion, saying the demolition of the site would allow another 10,000 square metres for the development of North Bank.

"There have been a lot of comments today about saving woolsheds, but it was only going to be the roof trusses," Alderman Peck said.

He said Mr Stewart would include materials from the stores in a new woolstore interpretation display to be built as part of his silo development.

The woolstore is not listed on the Tasmanian heritage register.