When Queensland businessman Peter Kendall and his business partner Brad Rankin bought the Big Pineapple on the Sunshine Coast in 2011 they hoped there might be an opportunity one day to resurrect the iconic tourist attraction.

Six years later, with the state's coal boom well and truly finished and with the Australian dollar falling to about US75 cents, the owners have pulled the trigger on a multi-million dollar redevelopment of the Big Pineapple in an attempt to make the destination appeal to a new generation.