Burnie site sold to TasNetworks
The Burnie City Council has confirmed it's sold the Old Tioxide Site in Heybridge to TasNetworks to assist the Marinus Link project.
The Council bought the site for $2.5 million dollars 13 years ago, hoping it would be transformed into an industrial hub, but it never eventuated.
In December the site sold to TasNetworks for $1.8 million, which it plans to use for the Marinus Link converter station.
The council had been receiving commercial rent prior to the sale.
TasNetworks has committed to a $400,000 dollar community fund over ten years to provide educational support for the community .
It's expected construction will commence by 2024.