Green light for Star's $2 billion Gold Coast masterplan
12 November 2018
Queensland Government:
The Palaszczuk Government has approved plans
for an expansion of The Star
Gold Coast worth more than $2 billion,
which could create 10,000
jobs.
Premier Annastacia Palaszczuk said the development
approval for the mega
masterplan concept, proposed by
The Star Entertainment Group and its
Hong Kong-based partners
Far East Consortium and
Chow Tai Fook
Enterprises, creates a platform for further investment at the Broadbeach
Island integrated resort site.
“This approval gives The Star and its partners the opportunity to lift
The Star's profile with international tourists to even greater heights,”
the Premier said.
“Over the past four years Star has demonstrated its confidence in
Queensland’s tourism outlook by making significant investments to
drive economic growth and job creation on the Gold Coast.”
The masterplan approves the construction of four new accommodation
towers, each of which could create up to 1,800 jobs during construction.
Between them, the towers, restaurants, bars, days spas and other
facilities would create up to 3,000 ongoing operational jobs.
The approval of Star's masterplan comes after a series of major
milestones as part of a $850 million redevelopment:
-
the opening of the luxury hotel The Darling
-
the redevelopment of The Star Grand
-
the purchase of The Sheraton Grand Mirage and
-
the start of construction of the Dorsett hotel and apartments tower.
The approved masterplan includes
additional hotels and apartments, new restaurants and bars,
entertainment facilities including a nightclub, as well as pools, a day
spa and other resort facilities.
“The Star Entertainment Group is driving a massive injection of private
sector funding into Queensland’s tourism industry, creating thousands of
construction and operational jobs and opening up countless new supply
opportunities for Queensland businesses,” the Premier said.
“On completion of The Star Gold Coast and its $3.6 billion
Queens Wharf
Brisbane development, the consortium will have created up to 10
hotels, with almost 3,000 rooms between them, and up to 100 restaurants
and bars.
"This translates into some 15,000 new jobs for Queenslanders.
“Queensland is pivotal to The Star Entertainment Group’s approach and it
continues to proudly support and host major events in Australia’s events
capital of the Gold Coast.
The Star was the first official partner of the Gold Coast 2018
Commonwealth Games, the host venue for the Logies in July, and will host
the Queensland Tourism Awards this month.
“As a top 100 ASX company, The Star Entertainment Group, also plans to
relocate its corporate office to
Brisbane, which is another salute to
Queensland,” the Premier said.
--ENDS--
Source: Queensland Government - www.statements.qld.gov.au
Contact: Media Contact: Geoff Breusch 0417 272 875
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