Latest News

Back to Latest News back

 

NBL owner gets exclusive negotiation period for Derwent Entertainment Centre acquisition

NBL owner gets exclusive negotiation period for Derwent Entertainment Centre acquisition
June 25, 2019

The Glenorchy City Council has unanimously decided to enter into exclusive negotiations with the owner of the National Basketball League (NBL) over the sale of the Derwent Entertainment Centre and land at Wilkinson's Point.

NBL owner Larry Kestelman last week revealed he hoped to buy the sporting precinct and surrounding land to establish a Tasmanian NBL team.

The two parties now have a 120-day exclusive negotiation period following last night’s unanimous vote.

Glenorchy Mayor Kristie Johnston said the proposal presented an unprecedented opportunity for the Council and the people of Glenorchy but would need support from the Tasmanian Government.

She advised "Council is committed to exploring this exciting proposal and to working with Mr Kestelman to deliver the best possible outcome for both the Glenorchy community and Tasmania.

“Council will immediately commence formal negotiations with Mr Kestelman and will bring any potential agreement back to council for further consideration.

“Importantly, there will be key requirements stipulated as part of the exclusive dealing period."

Kestelman's $200 million proposal featured an entertainment venue, sports and recreation facility, retail and food and beverage spaces and accommodation, as well as public open spaces, is broadly in line with the Council's masterplan for the site.

The Council will enter a 120-day negotiation period with the Tasmanian Government and Kestelman to determine the terms of negotiation before the proposal is put out for public consultation.

Related Articles

13th May 2019 - Basketball Australia and NBL agree landmark partnership

20th February 2019 - NBL breaks crowd records through 2018/19 season

14th February 2019 - Tasmanian Government outlines role for Football Tasmania Board

27th September 2018 - NBL renews partnerships with Chemist Warehouse, Europcar and ESPN

23rd August 2018 - Tasmanian NBL consortium unhappy with $18 million Derwent Entertainment Centre valuation

19th August 2016 - NBL invites Chinese basketball clubs to participate in relaunched pre-season tournament

25th July 2015 - Larry Kestelman aims to lead National Basketball League rejuvenation

31st March 2014 - Tasmanian Premier takes on events, recreation, sport and tourism responsibilities

22nd May 2012 - Glenorchy community and sports hub moves forward

7th March 2012 - Coffey’s integrated approach nets $9 million in funding for Tasmanian facility


Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

HTS Group Ltd

HTS Group Ltd provides a complete design, system integration, installation and maintenance package to the transportation, traffic engineering, parking and sports timing industries in New Zealand,…

read more

Aquatics / Events / Sport / Technology

 
 

Aussie Strength

We are Aussie Strength. The ultimate supplier for Commercial Gym Equipment that's built to deliver in the toughest environments. From USA-Built hardcore weight training equipment from Arsenal…

read more

Fitness / Technology / Wellness

 
 

Mattioli

Mattioli provides award winning painting, flooring and waterproofing services to the aquatics and recreation sector. We’re recognised as the leading contractor in the industry with award-winning…

read more

Aquatics / Recreation / Safety

 
 

Perfect Gym

Perfect Gym Solutions is a software as a service (SaaS) solution purpose-built to service the fitness industry, with over 1000 clients servicing over 2 million gym members across 40 countries making…

read more

Access / Fitness / Marketing / Recreation / Technology

 
 

TJS Services

TJS Services is a leading national facility services provider. We deliver quality cleaning, maintenance, construction and facility management services to over 1,500 sites Australia wide.  Our…

read more

Hospitality / Retail / Venues

 
 

Fitness On Demand

Fitness On Demand™ is a market-leading developer of virtual group fitness products. Our innovative video delivery systems offer robust content and a simple-to-use, comprehensive web app. Fitness…

read more

Fitness / Technology / Wellness

 
 

ELITE POOL COVERS

Since 1989 Elite Pool Covers have designed and manufactured an extensive range of high quality affordable manual,semi-automatic and fully-automatic pool cover systems for the harsh Australian…

read more

Aquatics / Environment / Technology / Venues

 
 

SLE WORLDWIDE AUSTRALIA PTY LTD

SLE Worldwide Australia is a Managing General Underwriter specialising in insuring risks in the world of Sports, Leisure and Entertainment. Be it relaxing, playing, organising or watching sports,…

read more

Insurance / Venues

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business