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Gold Coast Broadwater project

Gold Coast to house a multi-billion dollar cruise precinct. Source: Broadwater Marine Project

The Gold Coast will receive its very own cruise terminal, after the majority of local councilors voted in favour of the Broadwater Marine Project.

The project involves the construction of a multi-billion dollar cruise, residential, marine and tourist precinct at either The Spit or Wave Break Island.

Expected to be built by 2018, the precinct is likely to feature hotel, casino, marina and super yacht facilities, retail, entertainment, hospitality, community open space and recreation facilities.

It will also attract up to 264,500 visitors to the Gold Coast by 2018.

The project was put to a vote last week after the Queensland Deputy Premier Jeff Seeney issued a letter to the council requesting a decision. He said the State Government would only walk away from the project if less than two-thirds of the council agreed.

Twelve Gold Coast City councilors voted in favour of the project. Three voted against.

Winning the majority vote, the State Government will now enter in the next stage of development, with four consortia short-listed to provide their detailed proposals. They are; ASF China Property Consortium; Azure Consortium; ACPI Consortium; and Ridong Development.

Mr Seeney said earlier this year: “The project represents great possibilities for the Gold Coast and has significant potential to drive growth in Queensland’s construction and tourism sectors, two of the sectors in Queensland’s Four Pillar economic agenda.”

Good news or overcrowding the city? Leave a comment below and let us know if you think it’s a good idea to build a cruise terminal in the Gold Coast.