Take A Look Inside The New Gold Coast – In the Press

The Urban Developer 
20th February 2017

The Gold Coast Integrated Resort (GCIR) is an estimated $3 billion project encompassing the Gold Coast’s largest tourism project in decades, providing a new global waterfront destination.

The project features a world-class casino, iconic waterfront piazza, multiple five and six star hotels, signature restaurants, theatres, shows and entertainment, luxury and boutique retail precincts, serviced residences and conference facilities.

Worth an estimated $3 billion and located on a site less than 3% of The Spit, the project unlocks an unused piece of land between Sea World and the Gold Coast Fisherman’s Co-operative. It creates a new waterfront precinct accessible to locals and visitors alike.

The Department of State Development has announced commencement of two separate public consultation processes for the The Spit Parklands and ASF’s revised proposal for the Gold Coast Integrated Resort. Consultation will include the City of Gold Coast, stakeholder groups and the wider community.

Independent consultation specialists will lead the public consultation process, focused on two separate parts:

1.     Parkland Rejuvenation (The Spit)

·       Revitalisation of the 140 hectares of coastal parkland The Spit.

2.     ASF’s Revised Proposal

·       The new concept plans for the Gold Coast Integrated Resort, released in December 2016.

Both consultation processes are being run independently from ASF, however ASF remains committed to continue to share project information as it becomes available and encourage the community to learn more about the Gold Coast Integrated Resort.

Since early 2014, ASF has been working with Queensland Government, City of Gold Coast, key stakeholders and the community, seeking their input and feedback about the Project.

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The project will reinvigorate The Spit and attract an estimated 1.5 million additional tourists each year. It will grow the tourism market, meaning significant new tourists coming to the Gold Coast.

Over 13,000 new jobs will be created during the construction and operation of the project. This means thousands of jobs for the local community. With construction likely to occur after the Commonwealth Games, this means local jobs can be retained.

Worth an estimated $3 billion, the Gold Coast Integrated Resort will provide an immediate and ongoing investment into the Gold Coast’s future, with benefits flowing across Queensland.

What Is An Integrated Resort?

Integrated resorts are high-quality mixed-use destinations offering multiple world-class attractions, including hotels, restaurants, retail, convention facilities and entertainment. Gaming is only a small part of the attraction at the Gold Coast Integrated Resort and less than 5% of the gross floor area. Projects of this type are designed to cater to all age groups, nationalities and degrees of spend. They transform cities, providing many long-term employment benefits and significant infrastructure dividends for the community.

Project Facts

1. AN IMPORTANT PIECE OF TOURISM INFRASTRUCTURE

The Gold Coast Integrated Resort provides a new global tourism destination on the Southern Spit, elevating the Gold Coast’s status and tourism appeal on the world stage.

2. AN INTEGRATED RESORT IS MUCH MORE THAN A CASINO

The project features a world-class casino, iconic waterfront piazza, multiple five and six star hotels, signature restaurants, theatres, shows and entertainment, luxury and boutique retail precincts, serviced residences and conference facilities.

3. THOUSANDS OF JOBS FOR THE LOCAL COMMUNITY

Over 13,000 new jobs will be created during the construction and operation of the project, including over 4,100 construction-based jobs, during the proposed five-year delivery phase, and a further 9,100 jobs once the site is fully operational. This means thousands of jobs for the local community. With construction likely to occur after the 2018 Commonwealth Games, this ensures local jobs can be retained.

4. $3 BILLION WILL BE INVESTED INTO THE GOLD COAST’S FUTURE

Worth an estimated $3 billion, the Gold Coast Integrated Resort will provide an immediate and ongoing investment into the Gold Coast’s future, with benefits flowing across Queensland.

5. A PROJECTED 1.5 MILLION ADDITIONAL TOURISTS MEANS MORE BUSINESS FOR EVERYONE

The project will reinvigorate The Spit and attract an estimated 1.5 million additional tourists each year. More tourists means more flights needed to the Gold Coast, more visits to Gold Coast attractions and more business for local operators.

6. RECREATIONAL ACTIVITIES ON THE BROADWATER WILL NOT BE IMPACTED

Feedback from the community and key stakeholders has shaped and informed the latest concept plan. This includes minimal development of The Broadwater and no impact on current recreational activities.

7. THIS PROJECT NO LONGER INCLUDES A CRUISE SHIP TERMINAL

A cruise ship terminal is no longer part of project and is not included in the updated concept plan. The City of Gold Coast is independently exploring other options.

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8. THIS PROJECT INCLUDES ITS OWN TRAFFIC SOLUTION FOR THE SPIT

ASF has developed a Traffic and Transport Management Plan for The Spit that will support the project, address traffic congestion and deliver legacy infrastructure for the Gold Coast. Traffic modelling has future-proofed this solution, which is scalable and flexible to support future growth of the City. Core infrastructure will be funded by the project.

9. IT UNLOCKS AN UNUSED PIECE OF LAND

Located on a site less than 3% of The Spit, the internationally acclaimed tourism destination will be accessible to everyone. It opens up a new waterfront destination to be enjoyed by locals and visitors alike.

10. IT UNLOCKS THE POTENTIAL OF THE SOUTHPORT CBD

The project provides a catalyst to grow the Southport CBD, connecting The Spit and Southport, whilst embracing the Broadwater. It will deliver significant business and employment opportunities.

Gold Coast Job Creation

Independent property advisory MacroPlan Dimasi assessed the true contribution of the GCIR net job creation based on the current concept plan. MacroPlan Dimasi estimate the GCIR will generate over 13,000 new jobs, including over 4,100 construction based jobs, during the proposed five-year delivery stage, and a further 9,100 jobs once the site is fully operational. Their assessment also revealed the GCIR development will generate thousands of permanent jobs and longterm employment pathways, whilst stimulating training, education and upskilling opportunities for young Queenslanders.

The substantial increase in new jobs represents over 75% of the Gold Coast unemployment rate, which at September 2016, was 17,500 individuals. This data, in addition to ASF’s commitment to comply with the State’s local content policies, will boost local economic growth on the Gold Coast, keep skilled workers in the region and provide thousands of longterm employment opportunities for the local workforce.

The GCIR represents a substantial and long-term employment hub for the Gold Coast and South East Queensland. The first stage of construction will likely commence following the Commonwealth Games in 2018. The timing enables ongoing momentum for the Gold Coast and offers immediate employment opportunities for a number of construction workers transitioning from the Commonwealth Games to the GCIR development. This approach supports local workers to remain and participate in the community. Employment opportunities are set to peak once the GCIR is fully operational. An estimated 9,100 new jobs and employment opportunities will be created upon project completion, with almost 50 per cent of those jobs outside the GCIR, including the surrounding Southport area.

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