Confirmation that project organisers have called for expressions of interest are an important step forward for the proposed development.
And while it's also not without its detractors, the GovHub is also something Bendigo desperately needs to get right.
The potential economic benefits associated with housing more than 1000 people in one purpose-built premises, with a weekly earning capacity of approximately one million dollars, must be both realised and harvested for the sake of our city.
The Victorian government and the City of Greater Bendigo will be hoping a considerable number of these public sector employees spend at least some of their wages in the nearby coffee shops, restaurants and specialty retail outlets, and that they also utilise the services of the local professional services sector that operates in the same vicinity.
Needless to say, traders in the Hargreaves Mall will be among those most looking forward to the expected influx and investment.
With so much to gain, Bendigo can ill-afford the GovHub project to fail to live up the hype it has generated thus far.
The GovHub needs to deliver a boost to the confidence of the broader commercial sector that ensures premises vacated in the move to the new facility do not sit idle and empty for any length of time.
Filling those sites with even more workers is perhaps just as great a challenge, and one not confined to the remit of the government or council.
But if we can achieve this, then it's almost the cream on top.
A city the size of Bendigo, which is after all one of the largest inland cities in Australia, needs development, change and growth in its central business district and ours is long overdue for what must come next.
As a city growing at approximately 1.7 per cent annually, we should be expanding and building around more than just the edges of the city.
We need a vibrant and enticing city centre that keeps pace with the community it serves, and the GovHub project is just one key plank to this vital strategy.