Details on the major project were released when the development application was lodged by City of Launceston on Wednesday.

Northbank will be transformed from an industrial precinct to a recreation space connected to the CBD by a pedestrian bridge to the Seaport and existing pedestrian pathways.

The site will be divided into four precinct areas with each one featuring a recreational experience for different age groups and activities.

The precincts will be river play, confluence play, gorge play and an area labelled wild core. 

Artist impressions of the development show space allocated for an events lawn, a community tennis court, an “urban plaza”, picnic areas and a “sky walk”.

The development application lodged this week will allow for initial works to begin on the project including site preparation for amenities and upgrades to stormwater, sewerage and irrigation infrastructure.

Launceston Mayor Albert van Zetten said the North Bank project promised to create an exciting new recreational area for the city.

"Since the completion of the $58m Launceston flood levee reconstruction project, the city's riverbanks have been opened up to recreation in ways that were not previously possible," Ald van Zetten said. 

RELATED STORIES:

"The council has been consolidating the trail and park links between the Cataract Gorge, Kings Park, Royal Park and the Seaport, and we now plan to extend over the river to the North Bank site via a dedicated pedestrian and cycling bridge.”

The pedestrian bridge over the Seaport to Northbank was announced in May and the truss-style bridge will span 120-metres and will be four metres wide.

It will be on average the same height as the existing Charles Street bridge, which is used for vehicle and pedestrian traffic.

Initial works for Northbank will also include the installation of power reticulation feeds for the Northbank bridge and footpath lighting will also be carried out.

"It is exciting to be lodging Development Applications for the work to begin, and we look forward to further developments once the planning process is complete,” Ald van Zetten said.

"North Bank will become a fantastic recreational hub for the city, and we have been extremely busy working on a playground that is going to delight the children of Northern Tasmania. 

Last year the council undertook an expressions of interest process for the supply of playground equipment for the Northbank project, with eight submissions received.