Challenging economic times have slowed development in recent years, but Launceston City Council general manager Robert Dobrzynski said yesterday that there were a host of projects on its drawing boards.

The $47 million Bunnings for Lindsay Street will be the first development completed when it opens at the end of this month.

Down the road, Errol Stewart's $20 million Kings Wharf silos hotel development is being held up by a Tasmanian Planning Commission dispute.

North Bank will receive a $10.4 million overhaul _ funded by council and both the state and federal governments.

University of Tasmania proposes to build a $13 million, 130-room student accommodation facility on Inveresk's North Esk.

Next to the accommodation, a $10 million cinema is on the cards. The council has been in negotiations with Metro since September over the sale of a 3440-square metre parcel of land at Inveresk for the cinema.

Beer-giant Lions is waiting on council approval to transform the former Tulloch Auctions building into a multi-million dollar tourist and conference centre.

The 160-square metre centre will include banquet space, bar, dining room, seminar space and room for offices.

A development application is expected to be lodged for a $10 million Woolworths CBD project  within days.

Once approved, the 3800-square metre supermarket with an underground 160-lot underground car park next to the Cock N Bull hotel is expected to take 12 months to build.

Penny Royal World was snapped up by Josef Chromy and the JAC Group for more than $4 million last year with several ideas for the former Launceston tourist attraction.

The council is reviewing plans for Penny Royal but initial ideas involved 33 motel units, 39 apartments, the tavern with a restaurant and a bar.

The $30 million CH Smith development  has remained stalled for 12 months with continued talks about Big W.

It is understood the council is in talks with the Launceston Golf Club over land to accommodate the retain chain.

``It's encouraging that businesses which have already invested in Launceston are continuing to invest to improve their offering,'' Mr Dobrzynski said.

``We also know of other projects that will involve significant investment in Launceston, that have not yet been announced and other well-known brands that are interested in coming to Launceston.

``The council is also intending to undertake significant refurbishment of the CBD over the next 18 months, which would involve a large investment in urban design, roads and public infrastructure.''