Queensland is anticipating a tourism construction boost, as government-fuelled competition was recently introduced to create up to three integrated resort developments.
On 14 October 2013, the Premier announced the government's intention to seek Expressions of Interest (EOI) for integrated resort developments as part of the Queen's Wharf Brisbane offer to market, in addition to two other development proposals outside of Brisbane.
A Registration of Interest (ROI) process was open from 19 December 2013 until 28 February 2014, inviting organisations to register their interest in submitting proposals for integrated resort developments. The accepted proponents through this process will have now been invited to submit an EOI in securing licences to establish integrated resort developments with associated gaming licences.
Tourism is one of the pillars in the government's Four Pillar Economy, as it contributes $17.5 billion to the Queensland economy while supporting over 220,000 jobs.
“The Newman Government promised to revitalise the tourism and construction pillars of the Queensland economy, and these major resort developments will help deliver on that commitment,” said Deputy Premier and Minister for State Development, Infrastructure and Planning Jeff Seeney.
Minister Seeney said the government was seeking “top-notch, internationally competitive projects that will deliver strong economic and community benefits in the areas in which they’re located”.
“The state expects nothing less than world-class, landmark integrated resort developments that put Queensland and Brisbane on the world stage as an international tourism destination.”
A resort and gaming licence has also been reserved for the successful developer of Queen’s Wharf Brisbane, while the location of the other two potential integrated resorts has not been prescribed.
“The developments will be a key provider of tourism infrastructure, including hotels, restaurants and conference facilities that can support major events and raise Queensland’s profile as a tourism destination,” Seeney said.
Successful EOI proponents in the integrated resort development process will be asked to provide detailed proposals by late 2014, with a view to the announcement of successful proponents in early 2015.