The Palaszczuk Government has terminated the ASF Group's proposed Integrated Resort Development on the Gold Coast Spit and will move forward with a community-led master plan.
Premier Annastacia Palaszczuk said the decision was based on ensuring the best long-term solution for Gold Coast.
“We need to ensure that character is preserved for future generations,” said Palaszczuk. “The Spit offers great opportunities for job creation through tourism, entertainment, and recreation. What the Spit really needs now is a master plan to revitalize it and increase its benefit to the Gold Coast as a community asset.”
Palaszczuk said that the decision did not rule out the possibility of a future integrated resort development on the Gold Coast.
The community-led master plan will cover 190 hectares, 140 hectares of which will be parkland.
The casino license, a key part of ASF’s proposal, remains on offer for the Gold Coast, prompting speculation about possible alternative locations.
One of the most likely locations is a 10,500-square-meter site in Surfers Paradise, comprising an entire block bordered by the Gold Coast Highway, Palm Avenue, Cypress Avenue, and Surfers Paradise Boulevard. The site was acquired just over 12 months ago by a consortium comprising Aquis Australia, CCCC International Holding Limited (CCCI), and Tandellan Group for a rumored AU$40 million.
Deputy Premier and Minister for Infrastructure and Planning Jackie Trad said the master plan ”helps get the balance right between protecting environmental and community values and allowing appropriate commercial development.”
It is expected the master plan will take 18 months to complete. It will be undertaken in collaboration with Gold Coast City Council and the Gold Coast Waterways Authority.
For more on this story, go to The Urban Developer.