THE Queensland Government has announced that the Gold Coast's multi-million dollar integrated resort is back on track, following an agreement with proponent ASF Consortium on a five hectare site between Sea World and the Gold Coast Fishermen's Co-operative in Main Beach.
Speaking at a site inspection with ASF on the Gold Coast last week, Dr Lynham said the announcement that the process was back on track was great news for the tourism industry and economic development at the Gold Coast.
"Construction of a new resort development and casino will generate thousands of new jobs during construction and thousands more long term jobs and training opportunities once facilities are operating," he said.
"This news can only add to the rising level of activity and excitement on the Gold Coast as it ramps up for the 2018 Commonwealth Games and the influx of visitors and global exposure it will bring."
Dr Lynham said the site was part of the original land parcel released for the development of an integrated resort development in 2013.
"I know that the Gold Coast has been waiting on this news, but it's been important to get this right," he said.
"The Government has delivered on its election commitment to protect Wavebreak Island and this valuable natural asset for generations to come.
"ASF Consortium is the sole proponent for the integrated resort development process and we've been working hard to keep this process moving for the jobs and economic boost it will bring the Coast.
"The Palaszczuk Government appreciates the confidence that ASF Consortium has continued to show in Queensland's potential as a location for their proposed investment.
"I'm looking forward to seeing ASF's detailed proposal and what is has to offer the Gold Coast and Queensland," he said."
The next stage of the process is for government to issue a request for detailed proposal to outline requirements and timeframes, with ASF Consortium expected to respond with a detailed master plan proposal in the first quarter of 2016.
The agreement follows last month's announcement that Destination Brisbane Consortium has won the right to develop Queen's Wharf Brisbane, a multi-billion integrated resort and casino in Brisbane's CBD.