Predicted $350 million to invested in Tauranga CBD

Devonport Road and Tauranga CBD. Photograph/Andrew Warner

Priority One are predicting an excess of $350 million over the next five years will be invested in Tauranga's city centre.

They predict this investment will come from both the public and private sector, including a potential new hotel, the planned university-led tertiary and research campus and the developments of a new civic campus.

Investment in the city centre over the last five years has come to about $150 million from mainly the private sector.

In their newsletter, Priority One said they are aware of at least six companies who are considering moving their business to Tauranga.