The developers behind the Ridgeside Lane development near Evandale say it was "fair and reasonable" for the Northern Midlands Council to ask for more information.
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The council deferred a motion to change the Northern Tasmanian Regional Land Use Strategy at its meeting on Monday night.
Traders in Purple Director Brett Robinson said the company would continue to work with the council, and has no plans to back away from the development yet.
"The fact that council have deferred the decision and have requested more information, we see that as a positive," he said. "It wasn't refused. They're happy to go to the next point and review the project further."
Traders in Purple will "happily" supply the council with the required information, but are not sure what the council wants.
"We have provided some very high-level reports which is typical of what would be provided for this stage of an application. It's not a rezone, it's not a development application. It is a large project," Mr Robinson said.
Meetings with the council over the next couple of days is set to give the developers more of an idea of the information it's after.
"I suspect traffic will be one of the key issues ... we do have agreements with two of the large land holders in the area in regards to a proposed ring road around Evandale," Mr Robinson said.
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"We will work closely with the council, they will then approve those and then we will go back to a council meeting," Mr Robinson said.
He said it is unlikely the development would come back to council's April meeting as the reports take time to prepare, they have to be peer reviewed
"Projects like these are very long-term and if you rush it through then it won't happen. You need to bring the community on board," Mr Robinson said.
"We want to work with the community and stakeholders to make sure we're delivering something that they want and they're happy with otherwise it won't be a success, but it will take time."
It is expected to take about 15 years and cost $431m.
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