Caravan king Gerry Ryan puts his wealth to work in Nagambie
GERRY Ryan yesterday detailed his plans to pour $22 million into the deeply grateful district of Nagambie.
UNDER a bright central Victorian sky by the Goulburn River, businessman Gerry Ryan yesterday detailed his plans to pour $22 million into the deeply grateful district of Nagambie.
The investment will mean as much to the district, about 100km north of Melbourne, as those of other great investors in regional Australia, including the eminent lawyer Allan Myers and the pastoralist cum philanthropist Geoff Handbury.
While the latter two distribute some of their wealth in the mostly well-heeled western Victoria, Mr Ryan has devoted his attention to the north of the Great Dividing Range, which profits from the Goulburn, a river which is effectively the Murray’s first cousin.
Mr Ryan, the founder of the Jayco caravan empire, detailed plans yesterday for a 70-room hotel and day spa at Mitchelton Wines Estate, which will cost $12m.
A further $2m will be invested in a development for a chocolate factory at the winery and $8m has been set aside for a residential leisure park of 90 cabins on Nagambie Lakes.
In world terms, $22m is not an overwhelming sum of money.
But in a small regional district that profits from the water of the Goulburn, which eventually drains into the Murray, it is a big deal.
Big enough to get the Deputy Premier on board for the announcement, as well as the local member and the Nationals’ candidate for the November 29 election.
“Nagambie is already growing as a tourist destination, attracting visitors interested in water sports, wine, equine and cycling,” Mr Ryan said.
“And with the further investment, we’re looking to ensure that growth continues into the future.”
Describing the investment as a “red letter day” for the region, Deputy Premier Peter Ryan — no relation to Gerry — said the growth of the winery would add to the state’s attractions such as the Great Ocean Road.
“This development will draw visitors to the region, grow local jobs and support local businesses,” Peter Ryan said.
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