Claim ASF project for Spit would result in boost for Gold Coast similar to Commonwealth Games

DEVELOPERS behind a $3 billion resort planned for The Spit say their project will give the Glitter Strip a financial injection a similar level to the 2018 Commonwealth Games.

Artist's impression showing locals and visitors enjoying a multimedia theatre performance at the waterfront amphitheatre

DEVELOPERS behind a $3 billion resort planned for The Spit say their project will give the Glitter Strip a financial injection a similar level to the 2018 Commonwealth Games.

ASF’s integrated resort and casino is awaiting State Government approval and will, if approved, feature up to five towers.

Figures released by ASF and compiled by MacroPlan Dimasi suggest the project could give the city a major shot in the arm.

Artist impression of the proposed development.

MacroPlan chairman Brian Baratsis said the development, one of at least $11 billion worth of projects proposed for the city, would have long-term financial benefits.

“Where the Commonwealth Games will generate an estimated $270 million tourism boost for the local economy, this project represents $710 million per year, every year once operational,” he said.

“In economic terms, the Commonwealth Games will provide a powerful sprint for the local economy, while the Gold Coast Integrated Resort represents a long haul marathon, delivering more sustainable economic growth.”

A replica of the Jubilee Bridge will be built across the Broadwater if the project is approved.

Data released by MacroPlan suggest the resort would

• Generate more than $700 million in expenditure upon completion.

• Generate an additional 2.1 million additional visitor nights, which represents 60 per cent of the expected

total growth of 3.5 million additional visitor nights

• International visitor nights are expected to account for 70 per cent and interstate and Queensland residents account for the remaining 30 per cent of additional visitor nights

• Deliver an estimated 74 per cent of growth in Gold Coast tourism visitor nights.

Artist impression of the waterfront promenade, tiered gardens, beaches, waterfalls and other features.

The project has been backed business leaders including Gold Coast Tourism chairman Paul Donovan and Combined Chamber of Commerce boss Martin Brady.

Mr Brady said a long-term financial boon for the city would help cement its future.

“It would have a tremendous impact on the Gold Coast, not just for jobs in the short term for the future as well,” he said.

“The benefits would be felt across the city.”

If approved, a light rail spur line has been proposed to run from Main Beach to Sea World and a modern replica of the Jubilee Bridge would be built across the Broadwater,

Concept plan of the resort.

Mr Donovan said an “iconic” product would do wonders for tourism.

“It would be a huge drawcard for the Gold Coast as it raises the region’s profile.

in the same way the Museum of Old and New Art vaulted Hobart to the world stage,” he said.

“These types of iconic products deliver people to our door and push our cities and regions to lift their game and cast a lasting impression with great offerings like restaurants, bars and coffee shops.”