Hervey Bay Boat Club floats $70m hotel plan
A PROJECT worth at least $70 million is set to be unveiled in coming weeks, with the Hervey Bay Boat Club only weeks away from finalising the purchase of state-owned land where the development will be built on the Urangan Harbour.
The planned development, which will include a multi-level residential complex, a 100-room hotel and a 1000-seat conference centre, as well as appropriate retail and support services, was one the board of the boat club had been working on for a long time, Hervey Bay Boat Club president Ed Gibson said.
While negotiations were still continuing as the club seeks to finalise the freehold acquisition of the land, Mr Gibson said he felt very positive about it soon becoming a reality.
"It has been a long journey and three governments to get to this stage and we are most excited about being in a position to finally move forward with the multi-million dollar development," he said.
Mr Gibson said while a fig-ure of $70 million had been attached to the value of the proposed development, in all likelihood it could end up being worth much more.
Mr Gibson said as soon as the land near the harbour was successfully purchased, the Hervey Bay Boat Club board would be seeking to lodge a development application with the Fraser Coast Regional Council as soon as possible.
He said a development application was currently being prepared.
The development would mean a huge boost for the economy of Hervey Bay, Mr Gibson said.
Development of the Urangan Harbour precinct has been a high priority of the Hervey Bay Chamber of Commerce.
Chamber president Tim Powers said the announcement was a "great start" to proposed development and he was buoyed by the initiative shown.
"We're encouraged by the boat club's announcement and it's a great initial step to enhancing the ultimate potential of that area," he said.
Complex to unwind, the Urangan Harbour has a number of different ownership structures with different lease agreements with the State Government.
Fraser Coast mayor Gerard O'Connell said it was great to see momentum building for the project and, while it was still early days, the development was an important one for the region.