GLAMORGAN Spring Bay mayor Michael Kent hopes things will get started on the Spring Bay Mill development now that negotiations are under way for the sale of Triabunna Wharf.
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TasPorts confirmed on Friday it was finalising the sale of the wharf with Tas Marine Construction.
Tas Marine Construction plans to use the existing wharf to create a breakwall and then develop a $6million commercial marina for 150 yachts and cruisers.
Cr Kent said the development was great news for the region.
"It's another project now on the drawing board," Cr Kent said.
"From the local residents' point of view, it may mean jobs when it is built and ongoing jobs.
"It complements Graeme Wood's development - and now that the sale is where it is at, hopefully things can get started with the Spring Bay Mill project."
Entrepreneur Graeme Wood bought the former Gunns mill site, which adjoins the wharf, in 2011.
Mr Wood plans to transform it into a $50 million tourism development, but is yet to submit a planning application to the Glamorgan Spring Bay Council.
It is believed he is waiting until after the wharf sale before taking his plans further.
Mr Wood was contacted for comment on Saturday, but did not respond.
Cr Kent said it would be great to see participants from events like the Melbourne-to-Hobart and Sydney-to-Hobart yacht races make use of the new marina once it is developed.
"When they finish, they may come into the area and spend a night or two," Cr Kent said.
The port has not been used since Gunns stopped exporting woodchips from the site in 2011.