SPIT SITE BACK ON DEVELOPMENT AGENDA

Written on the 16 February 2011

SPIT SITE BACK ON DEVELOPMENT AGENDA

THE State Government has today called for Expressions of Interest (EOIs) on a 5ha land parcel on the Gold Coast Spit, after it withdrew the initial bidding process in June 2010.

Minister for Infrastructure and Planning Stirling Hinchliffe, says the announcement marks the start of a competitive bidding process for the State Government-owned site, located between Sea World and the Versace Hotel.

The site is part of the 8.2ha area previously known as the Northern Development Area (NDA) under the former Gold Coast Marine Development (GCMD), where a series of delays had confused bidders.

Development options for the remainder of the state-owned land, which formed the GCMD, are not part of the current EOI process and will be considered in the future.

The State Government says initial bids ‘failed to meet its objectives’. Since then a number of unsolicited proposals have been received and interested parties are now invited to formally submit applications as part of the EOI process.

Hinchcliffe emphasised that the project would not propose any development east of Sea World Drive or at Doug Jennings Park.

"A competitive bidding process will now begin with all interested parties encouraged to submit their ideas prior to the March 4 deadline,” he says.

A number of Gold Coast developers are expected to again bid for the project, including The Deep Blue consortium, which includes Gold Coast City Marina and Leighton Holdings.

The deadline for EOI submissions is March 4 with a decision to be made by mid 2011.


Latest News

THE 2017 MELBOURNE TOP 50 COMPANIES REVEALED: NUMBERS 40 TO 31

Our countdown to the 2017 Top 50 Melbourne companies continues with the next 10 on the list from 40 to 31, which f...

CANNABIS COMPANY SECURES PERMITS FOR NEW PLANTS TO BEGIN CULTIVATION

MEDICAL Cannabis company Cann Group Limited (ASX: CAN) will receive its first plant material and start cultivation of...

CHARTER HALL SNAPS UP SALAMANDER BAY CENTRE FOR $174M

RETAIL investment trust Charter Hall (ASX: CQR) has purchased the regional Salamander Bay Centre in New South Wales f...

$12 MILLION OFFICE SALE UNDERPINS MILTON REVIVAL

ONE of Milton's well known office buildings has sold for $12.88 million, supporting the resurgence of the popular...

Related News

AFTERPAY GOES TRANS-TASMAN WITH TRADE ME DEAL IN NEW ZEALAND

AFTERPAY Holdings Ltd (ASX: AFY) has entered into an agreement with New Zealand trading site Trade Me Group Ltd (A...

STARTUP SUCCESS BOILS DOWN TO PERSONALITY, SAYS EXPERT

THOSE who own startups will know that there are many essential qualities of a good entrepreneur; their tenacity, fina...

SLATER AND GORDON TAKES SPOTLESS TO COURT

SPOTLESS Group (ASX: SPO) has been hit by a class action launched by Slater and Gordon (ASX: SGH) in the Federal C...

TOPSHOP GOES INTO ADMINISTRATION AMID VOLATILE RETAIL MARKET

TOPSHOP has become the latest in a string of retailers blasted by the volatile retail market, as the iconic fashio...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter