ASF unveiled its latest concept plan to deliver a new world-class coastal icon, earmarked to become the largest tourism resort project on the Gold Coast in decades.
The multi-billion dollar Integrated Resort Development will include a world-class casino, three branded five and six star hotels, signature restaurants, theatres, shows and entertainment, luxury and boutique retail precincts, serviced residences and meeting and conference facilities.
ASF Director Louis Chien said the project will invest $3 billion into the Gold Coast, create an estimated 10,000 jobs and attract a projected 1.5 million additional tourists to the Gold Coast each year.
“This $3 billion project will deliver a world-class waterfront destination that provides an immediate and ongoing economic boost and significant jobs for the Gold Coast, with benefits flowing across Queensland,” Mr Chien said.
“Over 10,000 new jobs will be created during construction and operations, meaning thousands of jobs for the local community. With construction likely to occur after the Commonwealth Games, this will deliver ongoing buoyancy to the region, ensuring local jobs are retained.
“The project will also attract a projected 1.5 million additional tourists to the Gold Coast annually. This means growing the existing tourism market with an emphasis on new visitors to the region.
“More tourists translates to more business for existing tour operators, more visits to Gold Coast attractions and more flights needed to the Gold Coast,” he said.
At the same time as revealing its latest concept plan, ASF is calling for more certainty around the overall planning process for the area.
“ASF remains fully committed to achieving the best outcomes for the Gold Coast and Queensland. We’re keen for the State to provide overall planning clarity for the area and understand how the proposed Gold Coast Integrated Resort fits,” he said.
The Gold Coast Integrated Resort Development will be situated on a five-hectare waterfront site on the Southern Spit between Sea World and the Gold Coast Fisherman’s Co-operative.
“This site represents less than 3 per cent of The Spit and in its current form, is unused and inaccessible to the general public,” Mr Chien said.
“Our plans deliver a new waterfront precinct to be enjoyed by all by creating new and improved Broadwater leisure and entertainment spaces, a newly accessible water’s edge, a new boating destination and a vibrant space for outdoor performances and events,” he said.
With a cruise ship terminal no longer a requirement of the project, this will be achieved with no dredging in the Broadwater.
“The location of the project will be a catalyst to grow the Southport CBD.
It will connect The Spit and Southport, whilst embracing the Broadwater and deliver significant business and employment opportunities,” Mr Chien said.
A traffic solution is provided for the project, with core infrastructure funded by ASF.
“We’ve come up with a traffic solution for the project, which is scalable and will deliver legacy infrastructure for the city. Traffic modelling has future proofed this solution,” Mr Chien said.
Fast Facts on the Gold Coast Integrated Resort