Feb 18, 2017

Green light for $85m waterfront development

Green light for $85m waterfront development

Douglas Shire Council has approved an $85 million redevelopment proposal for the Port Douglas waterfront, expected to create 320 direct jobs during construction.

The Reef Marina proposal includes a rainforest walk connecting Macrossan St to the marina, waterfront residences including 80 new apartments and townhouses; new restaurants and bars and a live entertainment venue.

Douglas Shire Mayor Julia Leu.

Mayor Julia Leu said the project would be the most significant investment in the Douglas Shire since the Sheraton Mirage transformed the far north Queensland tourism industry in the mid-1980s.

“The Port Douglas marina has been the focus of significant developer interest over a number of years but for various reasons the projects have never got off the ground,” Cr Leu said.

“I would like to thank The Reef Marina team for their efforts in bringing this significant development to fruition and council looks forward to continue working with TRM to get the project under way.”

She said the council’s approval was subject to conditions including deeds of agreement for TRM to continue to operate the slipway and provide new berthing facilities for commercial fishermen.

An economic impact statement prepared by Cummings Economics last year found the proposed redevelopment would generate employment for about 320 people and create a further 300 indirect jobs over the two-year construction period.

The project’s overall economic contribution was valued at $588 million over 30 years.

 

 

The council decision this week paves the way for The Reef Marina to move forward with the first stage of the redevelopment.

The full council report is available HERE.

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