Sun, Apr 9, 12:43pm by Staff Writer
The proposed $3 billion Gold Coast Integrated Resort could face several challenges in regards to its current site – on the Southport Spit – according to Gold Coast Real Estate agent Peter Bonenti.
Mr Bonenti, speaking to local media, said that the ASF Consortium will have to be granted special permission to build the proposed five towers as current regulation says that no structure can be built over three storeys high in the area.
The realtor, who also lives on the Gold Coast, has proposed an alternative location for the resort, just across the water from the Southport Spit, at the Broadwater Tourist Park.
By making the move, Mr Bonenti says the developer will save itself hundreds of millions of dollars that would be spent on the necessary infrastructure, plus the time and effort that goes into the process.
The real estate agent also pointed out that the alternative location is not far from a key state route and that if the property is built there, it being connected to existing infrastructure will be less costly and time consuming.
The proposal for a new location has gained some support, including from Southport councillor Dawn Crichlow, who says that the new site could appease opponents of the project and could help the developer avoid different challenges.
The proposed new site is 8.2-hectares and is part owned by both the Queensland Government and the city council. Local media are reporting that the ASF Consortium has not welcomed the proposal as the group does not want to move the proposed location for a fourth time.
The investor group must wait until it has received final approval from the Queensland government before it can proceed with construction.
Technology company NEC claims its facial recognition technology has successfully foiled an attempt by a problem gambler using disguises to try and…
The Federal Group’s monopoly on poker machine licenses in Tasmania could soon be over, with the state government expected to table legislation…
Joey Lim Keong Yew has been left his position as chief executive officer of Donaco International, but will remain on the company’s…