A $12.7 million investment for the redevelopment of the Princess Theatre and Earl Street Arts Centre will ensure Launceston's home of theatre lives on.
The Albanese Government has committed to upgrading the 100-year-old heritage-listed Princess Theatre as well as the construction of a new contemporary Earl Street Theatre, with the hope of ensuring the community stalwart thrives for another 100 years.
During construction, the project is anticipated to create 280 jobs, and once complete, provide an estimated $73.65 million boost to the region's economy.
This project demonstrates the Albanese Government's commitment to listening to local voices and funding priorities that benefit Tasmania's regions.
It is part of our Growing Regions Program which invests in spaces for communities to gather, that promote community connection and shape everyday lives.
Today's funding follows the $11 million provided for the Launceston Community Precinct project under round 1 of the program.
