Opinion: CBD transformation a major boost for Tauranga

In total, $250 million of significant developments are scheduled to be completed within a 600-metre stretch from Elizabeth St to McLean. Photo/File

Tauranga's CBD will be transformed over the next five years.

In total, $250 million of significant developments are scheduled to be completed within a 600m stretch from Elizabeth St to McLean St.

Pre-demolition work has started for the $100-million Farmers redevelopment on Elizabeth St, and the $50-million development of 2 Devonport Rd is set to begin later this year.

The new $39 million University of Waikato campus on Durham St will welcome an estimated 1000 new students in February - a year ahead of schedule.

Last week, the Tauranga City Council also announced it had signed a "landmark" partnership agreement with developer Willis Bond and Co to shepherd the planned new central library ($39 million) and civic administration ($23.2 million) buildings on Willow St into being.

In total, $250 million of significant developments are scheduled to be completed within a 600-metre stretch from Elizabeth St to McLean. Photo/File

The company will also be responsible for bringing a long-heralded international hotel brand and conference centre to the CBD, with negotiations starting soon to agree on the expectations for the project.

Other major projects are also planned. It all adds up to an exciting outlook for Tauranga.

The fact investors are readily putting their money behind these projects affirms the strong business confidence our region is enjoying.

Retailers will have to endure a period of disruption during construction of these buildings, but in the long term, they can expect to see a lot more foot traffic in the central city, which should equate to more retail spending in the area.

These projects will add vibrancy to our downtown and give the area a much-needed boost.

The future looks bright.