A local real estate agent proposed another location for the upcoming casino that still hasn’t obtained the permission from the Queensland government.
Australia.- Real estate agent Peter Bonenti proposed a new location for the upcoming ASF US$3 billion resort because he believes that the developer is set to meet challenges regarding the current location of the venue.
As reported by local media, Bonenti believes that the infrastructure that the developer needs to build the casino could cost hundreds of millions of dollars because the current regulations in the Gold Coast establish that buildings higher than three floors are prohibited, therefore they would need a special permission to build the casino. The agent said that ASF Consortium could save money if the location gets changed to the Broadwater Tourist Park, which is owned by the city council and Queensland government.
Even if the proposal gathered support from several officials, ASF Consortium rejected the measure because they’re convinced that they can still build the facility in the current location. The towers are set to feature 40 to 45 stories with a hotel included, one specifically fora five star hotel tower, and other two with 20 to 27 stories for residential purposes.
Last month, ASF confirmed that the project could be partially owned by the Chinese government. Louis Chien, ASF director, said that the China State Construction Engineering Corporation (CSCEC), owned by the Chinese government and operator of construction and real estate business could be involved in the project. The proposed casino could generate approximately US$545 million annually once fully operational. Furthermore, the Gold Coast casino could attract an extra 2.1 million visitors every night.