The $60,000 feasibility study, being conducted by the City of Launceston and the Office of the Coordinator-General, was revealed this week and is expected to inform council discussions about the costs associated with any proposed upgrade works.

In a joint response to questions, council and the Coordinator-General said beyond considering building and facility upgrades to cater for existing activities, the study was also looking at "options that could expand the building's use and users."

"The study is not considering the sale of the building," the statement added.

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Each party is contributing half of the funding required. A report will be finalised following community and building user consultation in the coming weeks.

City of Launceston general manager Michael Stretton said a number of event coordinators who use the hall are seeking more modern audio visual capabilities, better accessibility and higher levels of amenity.

"The Albert Hall is starting to fall behind in this regard," Mr Stretton said.

Mr Stretton also noted the hall was an "ageing" building that required "constant and considerable" maintenance of about $80,000 per year. 

Both the adjoining coffee shop and event operations in the hall, from university graduations to conferences, are leased to third parties by council for coordination. In 2018, the hall was booked for a total of 156 days.

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