Two speed economy

Posted by JIm Wilkinson / September 22, 2014

With news of the Myer redevelopment, the reconstruction of Brooke Street Pier, a new hotel for Macquarie Street and announcements of the redevelopment of Kirksway Place, Hobart is looking like having a construction bonanza according to Nelson MLC Jim Wilkinson. Mr Wilkinson said combined with work at Parliament Square, the Royal Hobart Hospital redevelopment and likely activity at the railyards, there was certainly plenty to be positive about in the local economy. “The construction boom is great news for Hobart as no doubt it will stimulate further economic activity in the local economy, however, elsewhere in the state the outlook is not as bright,” Mr Wilkinson said. “The plight of the forest industry has been well documented in recent years and now add to this the closure of Henty and Mt Lyell mines on the West Coast which bring with them job losses and a lack of wealth generation. “There are high hopes for the dairy sector, but for regional Tasmania to thrive, all levels of government need to do some heavy lifting. “The Federal Government is looking to relocate some departments to Launceston and no doubt the State Government will have something to say in the upcoming budget. “Let’s just hope these initiatives help ensure the rest of Tasmania can enjoy the prosperity we appear to have here in our capital.”