ASF STILL SEEKING A WATER VIEW, THIS TIME NEAR SEA WORLD

Written on the 5 June 2015 by Nick Nichols

ASF STILL SEEKING A WATER VIEW, THIS TIME NEAR SEA WORLD

WAVE Break Island may be out of bounds, but ASF Consortium is still eyeing a Broadwater location for its proposed integrated tourism resort.

Market sources have confirmed the former cruise ship terminal proponent is eyeing government land south of Sea World for its planned multibillion-dollar casino-resort project.

ASF would not confirm the rumours, but has affirmed it is talking with the State Government to pursue new options after Premier Anastacia Palaszczuk crushed its $7.5 billion cruise terminal hopes last month.

"ASF Consortium is working with State Government to identify a range of possible options and positive solutions to move the integrated resort development project forward," says a consortium spokesman.

City leaders, including Mayor Tom Tate, had suggested ASF develop the resort on the old Gold Coast Hospital site in Nerang Street. However, ASF missed the boat there with the property understood to have found a buyer, although the State Government has yet to disclose details.

Last week, ASF revealed it would present a new proposal to the government "as soon as practicable".

ASF's local project director Tim Poole indicates the government has maintained an "open-door policy" with the consortium and that it has held a number of meetings with a "positive attitude".

Poole has described ASF's proposed resort development as one of the state's biggest urban renewal projects.

He has previously told Gold Coast Business News that it will still involve a multibillion-dollar investment by the group, which is backed by Chinese interests.

"From the outset of this process, through our consultation with the City of Gold Coast and the business community, we have understood the urgency to bring immediate short and long-term jobs to the region," Poole says.

"We stand by this commitment through delivering an alternative proposal consistent with the desired economic and environmental outcomes, and in constructive engagement."


Author: Nick Nichols

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