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. 

The Growing Regions Program delivers investment in infrastructure across Australia's regional, rural and remote areas. For more information, visit: Growing Regions Program.

Quotes attributable to Prime Minister Anthony Albanese:

“The Princess Theatre is a vital part of the history of Launceston.

“My Government understands the importance of community and this investment will not only create jobs and boost the local economy, but it will ensure that community spirit in Launceston thrives for decades to come.”

Quotes attributable to Minister for the Arts, Tony Burke:

“The Princess Theatre has been at the heart of the local community for more than 100 years, and today’s announcement means it will live on for generations to come.

“Regional theatres are a lifeblood for communities, injecting new ideas as well as providing support for emerging artists to hone their skills.

Quotes attributable to Minister for Infrastructure, Transport, Regional Development and Local Government, Catherine King:

“The princess theatre is the heart of Launceston’s CBD. It is an icon of the city and has been for 100 years.

“This continues our ongoing investment into the city of Launceston following projects such as UTAS Stadium and the Launceston Community Precinct.”