The Launceston City Council yesterday released its draft precinct plan for the area bounded by City Park, the old Gasworks, Lawrence Street and the North Esk River.

The plan rejects the cinema and bowling alley proposal, put forward by Launceston entrepreneur Ross Harrison, who is developing the Gasworks into a restaurant, bar and office space.

Instead the plan puts forward two potential residential developments for the site, which has been subject to about five previous proposals, including a Big W.

Option 1 provides for 22 townhouses and 29 apartments in a complex three storeys high with cafes and commercial tenancies on the ground floor at Boland and Willis streets.

Option 2 is 25 townhouses and 51 apartments in a four-storey complex consisting of cafes and retail tenants.

The plan recommends the council consider facilitating the relocation of the National Automobile Museum of Tasmania, which sits next to the Willis Street car park, to improve residential development potential on Cimitiere Street.

A submission by Pitt and Sherry's Ian Abernathy, on behalf of Care Park, highlighted the car spaces were likely to be largely lost if redeveloped and called for the retention of the car park.

A comprehensive medical hub was also proposed for the site.

Launceston aldermen will vote at Monday's meeting to place the plan on public exhibition.

Mr Harrison could not be reached yesterday.