Published on : Sunday, October 29, 2017
“We’ve had a project on the cards here called City Port for about the last 10 years. This is now going to really make it happen,” Mr. Beer said.
He added, “The work that’s been done in market sounding around the world has flushed out significant interest in further tourism development in Cairns … and expectations are that within a few years we’re going to see some significant new pieced of infrastructure here. We’re expecting things like six-star hotels, high-level apartments, high-level retail and entertainment and even better activated public spaces.”
Treasurer Curtis Pitt said that registrations of interest in the Global Tourism Hub concept will open on Monday and will be a six week process.
To quote Mr. Pitt, “From that there’ll be a formal expressions of interest process, which will then drill down into the detail of the investment. Based on the market sounding exercise that’s been undertaken, we should expect to see proposals in the hundreds of millions if not billions of dollars here for the region.”
The Global Tourism Hub covers more than 4ha of state-owned property on waterfront land, and although it includes a casino licence, tourism infrastructure comes first.
However some areas will be out of bounds in terms of any proposals, including the Figtree Playground, which was part of a previous redevelopment.
This concept is an opportunity for ongoing investment from both the public and private sectors.
The Cairns hub will be smaller than Queen’s Wharf, which covers 12ha of land and 15.3ha of the Brisbane River, but it is still regarded as a billion-dollar project.
The Queen’s Wharf development application includes a casino, resort complex, hotel, bar, park, shops, residential, parking, a microbrewery, power generators, new sewer trunk, a bridge connecting the CBD with South Bank, a major sport, recreation, and entertainment facility.
Tags: global tourism hub