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

PROFIT BOOST FORECAST AT VILLA WORLD

VILLA World has forecast profit growth of 5 per cent in the first half of FY17 in an earnings guidance released to th...

WP CURVE SOLD TO GODADDY

NASDAQ-listed tech company GoDaddy has bought Gold Coast's WP Curve for an undisclosed sum.

The subscription-b...

BOARD SHAKE-UP TAKES OUT SURFSTITCH FOUNDER

ONLINE actionwear retailer SurfStitch Group (ASX: SRF) has announced a major board shake-up in a move that effectivel...

ORIGIN TO DIVEST UPSTREAM OIL AND GAS BUSINESS

ORIGIN Energy will spin off its upstream oil and gas business in an as-yet unpriced IPO.

It will allow the Sydney-...

Related News

HOW MCDONALD'S AUSTRALIA REDISCOVERED ITS INNOVATIVE SPIRIT

MCDONALD'S is such a ubiquitous part of the Australian landscape today that it is easy to forget how it change...

JB HI-FI IS THE GOOD GUY IN $870 MILLION ACQUISITION

ELECTRONICS giant JB Hi-Fi has formally completed its $870 million acquisition of home appliance chain The Good Gu...

ACCC ACTS AGAINST MERITON'S RIGGED REVIEWS

MERITON Property Services is under fire from Australia's main consumer watchdog, after it allegedly engaged in mi...

ACCC FIRES WARNING SHOT TO IVF PROVIDERS

IVF clinics have been put on notice by consumer watchdog, the Australian Competition and Consumer Commission (ACCC...

Contact us

Email News Update Sign Up Contact Details

Subscribe to our mailing list

* indicates required
Email Format

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter