Gold Coast tram system drives $6B development boom

THE Gold Coast is riding the golden rail, with a $6 billion building boom tracking alongside the trams.

The construction zone will be along a narrow 8km corridor, with Broadbeach leading the way accounting for $4 billion of projects and the rest split between Surfers Paradise and Southport.

Q1Over sea aerial

Powering this investment in tourism accommodation and residential super towers is the light rail, say key stakeholders.

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Planning documents provided exclusively to the Bulletin show the Broadbeach skyline could potentially boast up to 23 cranes.
At least four projects, including the Pacific Fair renovation and a new tower at Jupiters Casino and Hotel, will provide a guaranteed $1 billion economic boost from their construction.

Broadbeach-based city councillor Paul Taylor estimates the area will undergo a $4 billion makeover in the lead-up to the 2018 Commonwealth Games.

“There is easily around $3 billion to $4 billion worth of projects going on here right now,” Cr Taylor said.
“We’re building a city, and this is one of the engine rooms. “These investments in my division are on a big scale.” 

See more of the original Gold Coast Bulletin article HERE

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