The Herald revealed on Thursday details of a new plan for the revitalisation of the Newcastle coastline to attract investment and tourism dollars, which includes closing the popular swimming spot.

The NSW Land and Property Management Authority and Newcastle City Council would share the cost of the $300,000 project if it was to go forward.

Newcastle City councillor Aaron Buman said he supported many suggestions in the plan but it was unrealistic to close the Bogey Hole and was indicative of a council that wanted to remove all risk from its amenities.

"There is a tendency to just close something down to reduce cost or liability instead of deal with it," he said.

Cr Buman said Newcastle's beaches were perhaps its greatest asset and to allow their continued use for recreation and to attract tourism they needed to be well maintained.

He said there were a number of costly maintenance issues on the coastline that needed urgent attention and called for assistance from the State Government.

"That significant cost then falls to the ratepayer, which I don't think is fair," he said.

National Trust Hunter regional committee chairman Keith Parsons said closing the Bogey Hole would rob Newcastle of a significant cultural and historic landmark.

"That swimming hole has been open to the public since the 1860s and I don't think you will find many public baths that have been open for that long," he said.

Mr Parsons said the call to close the pool because the costly maintenance of the site would reap no financial reward was representative of a government that was on a grab for cash.