$3 Billion Gold Coast Casino Development Plans Progressing
As plans for the $3 billion casino and hotel development on the Gold Coast progress, the Queensland Government has guaranteed they will consult the community on the plans.
Chinese-owned ASF Consortium and James Packer’s Crown Resorts are believed to be involved in the project with work scheduled to begin as early as March next year. The development will be situated on The Spit between Palazzo Versace and Sea World Resort. The development will include three towers, seven restaurants, a gaming floor and a bridge that will link The Spit to Southport.
The process deed was signed off last week between ASF and Premier Annastacia Palaszczuk, Infrastructure and Planning Minister Jackie Trad and State Development Minister Anthony Lynham. The plan is expected to receive the OK by the Cabinet before the end of the year.
However, when asked if the plans were definitely going ahead, Minister for Child Safety, Shannon Fentiman answered, “No. There will absolutely be continued engagement with the community on the integrated resort.”
The $3 billion development will be one of the most expensive and most comprehensive in the history of the state. While no formal agreement has been signed, it is believed that Crown Resorts and ASF have been negotiating for months about Crown operating the casino.
“It’s been a long journey, but it has allowed us to ensure that what we deliver is going to be something truly iconic,” said ASF director, Louis Chien.
“It will help raise the profile and the brand of Southeast Queensland.”
However, the opposition is looking for more details on the plans, saying that not enough information has been provided by the government.
“Now what we see is some talk, but little more than that,” stated the opposition’s Scott Emerson. “We don’t really know what Labor are doing on this.”
March 27, 2017