A real estate agent that operates on the Gold Coast has recently submitted a new location suggestion for the AU$3-billion Gold Coast Integrated Resort. Currently, the plans for the casino resort have the casino being built on the Southport Spit. The resort will be constructed by ASF Consortium, with Chinese backing. There are some issues with the currently planned location though, and this new proposal will likely fix all those issues.
Current Location could cost a lot more
The real estate agent who proposed the new location recently spoke to local media agencies and said that if the plans go ahead in the current location. The building could incur several additional costs. For starters, ASF Consortium will need to build the necessary infrastructure for the new casino resort. This could cost AU100s of millions on its own. The other major issue is that buildings constructed in the Spit are limited to just three floors. This will mean that in order to build the planned casino resort; ASF Consortium will need to obtain special permission, which will add additional costs.
New location for Casino Resort will save money
The real estate agent has come out and said that ASF Consortium could save itself a lot of money if it simply moves its plans to the Broadwater Tourist Park. The new location is not far from the currently planned site and is located just across the water from the Southport Spit. New side is close to important main roads in the area and connecting the casino resort to these will be far less costly for ASF Consortium.
The new site has plenty of space, offering 8.3 hectares of land. Currently, it is half owned by the city council, the other half need to be leased from the Queensland government. This is definitely doable though, and the proposed new location has already started to gain some support.
However, ASF Consortium seems to be less interested in this new proposal. The company and its investors don’t seem to be willing to give up their current plans. Also to move the planned location.