The plan has been proposed by Fender Katsalidis, Oculus and Larry Kestelman, owner of Australia’s National Basketball League. The plan would require a change of land use for the Derwent River. The area currently features the Derwent Entertainment Centre, the Glenorchy Art and Sculpture Park (GASP!), and public foreshore open space, which includes the Montrose Bay Yacht Club and Glenorchy Rowing Club, and is opposite the Fender Katsalidis-designed Museum of Old and New Art (MONA) on the other side of the river.
Glenorchy City Council voted to begin the process of selling Wilkinsons Point and the entertainment centre on 25 March 2019 to LK Property Group, headed by Kestelman.
“The reinvention of the currently under-utilised area will breathe new life into Wilkinsons Point and help bring the community together through sport and entertainment, spectator or participator alike,” the developer said. 
The proposed scheme would see the entertainment complex repurposed to allow the staging of large-scale concerts and events, with GASP! Retained.
The new precinct would include indoor recreation facilities, such as indoor skiing, bowling and gymnastics, a ‘bike kitchen’, and commuter services including a ferry terminal to be serviced by the MONA ferry. There is also the potential to include student accommodation for the University of Tasmania.
The complex would also include retail areas, restaurants and cafes, and an 11-storey hotel.
Images via Oculus