The Gold Coast could be tipped for major growth, after the state government received several major development proposals for Broadwater.
According to a News Limited report, eight consortiums have expressed formal interest to build on the Broadwater, with several of the projects reaching the billion-dollar mark.
The expressions of interest come after the Queensland government’s Broadwater Marine Project Expressions of Interest campaign closed this month.
With several multimillion and multibillion-dollar projects proposed for the Broadwater, its future development could boost opportunities for Gold Coast apprenticeships.
All of the applications include a cruise terminal – a request of the Gold Coast City Council – while half boast a casino.
Steven Haggart of development firm RDG said they have proposed a “big vision”, 20-year masterplan for the area.
“We have put forward a plan for the Broadwater which has ten game-changing developments on it,” Haggart remarked.
“What we have come up with would absolutely put the Gold Coast on the world stage in the biggest possible way.”
The Broadwater development is just one of several projects earmarked for the seaside city, with several boutique high-rise buildings set to get underway in the region this year.
A $35 million tower in Coolangatta is expected to kick off in March, while a $100 million structure at Southport is awaiting approval.