Cooke CEO Glenn Cooke says the company is thrilled to join the Tasmanian aquaculture industry and welcomed Tassal's 1,700 employees.

The structure was purchased by the city in 2008 for $500,000 as part of the Peel Plaza development before sitting empty until declared surplus and slated for demolition in 2017.

One man is in custody after police said they led him on an early-morning wild ride Tuesday.