Plans for a $68.5 million development on the Yeppoon foreshore have received a $20 million boost from the Federal Government.
Deputy Prime Minister Michael McCormack has approved the funding to the Keppel Bay Sailing Club for the construction of the Yeppoon Foreshore Convention Centre.
Member for Capricornia Michelle Landry said she was pleased to see the funding signed off and to deliver on an election promise.
“The economic benefits that come with this development will be huge for the Capricorn Coast in both the short term and long term,” she said.
“Job creation is essential in a post COVID-19 economy and I’m sure the boost to the local economy will be very welcome.”
Keppel Bay Sailing Club director Sandra Byrt said the vision for the development included a 1000-plus seat convention centre, accommodation, retail stores and a central point for the sporting community to meet and conduct major events.
“A project of this size and scale will completely transform the Capricorn Coast and the Yeppoon Foreshore,” she said.
“We can’t wait to see it go from vision to reality, benefitting locals and tourists alike.”
An Economic Impact Assessment Report estimates that the project would generate $8.2 million into the local economy annually through an increase in visitor nights and employment opportunities.