A $300 million private investment in the heart of the city sends a strong signal that business has real confidence in Tasmania’s capital and its future. This is exactly the kind of investment Hobart needs.
The Hanging Garden redevelopment shows investors are prepared to back Hobart for the long term and help drive the next phase of growth. Projects like this do more than transform buildings — they create jobs, attract visitors and contribute to a more vibrant and active city centre.
With the Macquarie Point stadium on the horizon, developments such as the Hanging Garden precinct demonstrate that the private sector is willing to invest alongside major public infrastructure.
It is particularly encouraging to see historic venues like the Odeon not only preserved, but strengthened as part of a broader vision for Hobart’s future.
Hobart needs bold projects and long-term thinking. This development delivers both and is a positive sign for the future of the CBD.
Edwin Johnstone
Chair, Business Greater Hobart
