The Launceston Chamber of Commerce says it prefers a creative precinct unveiled in 2020 to a $60 million proposal lodged by Car Parks Super-the owner of the Paterson St Central car park site.
Executive officer William Cassidy said the proposal aligned with its vision for the city in terms of capital investment, education and creativity, improved transport infrastructure and urban greening and placemaking.
The Chamber's statement comes in the wake of a Federal Court victory by car park owner Don Allen in which it was found that a binding contract for the $12 million sale of the car park was never reached and that there had been no misleading conduct during six months of negotiations with the precinct proponent.
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Creative Property Holdings director Christopher Billing, the proponent of the precinct, says he is examining alternative sites. The City of Launceston council was originally a guarantor for CPH but withdrew last year.
The Federal Court case continues with legal argument over the future of a $1.2 million deposit paid by CPH in July 2020.
Car Parks Super submitted a proposal this week for a multi-storey development which would include ground floor retail tenancies, three levels of car parking spaces and residential apartments on the rooftop level.
The Federal Department of Infrastructure has indicated that the court decision could result in the loss of $10 million under the Building Better Regions Fund because no funding agreement was ever concluded.
The money was allocated to bring the creative precinct vision to life.
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