CONFIDENCE BREEDS INVESTMENT FOR COAST

THE Gold Coast is a city which thrives on investment and faith. A new development or bold idea has often proven to be a catalyst for the fiscal tap to be turned on and confidence to return to the Glitter Strip.

History tells us the critical role this has played in our development. Just look at the dearth of investment in the post global financial crisis period of the early 2010s.

A raft of incentives and series of major projects put forward post-2012 proved to be a game changer.

News today that Star Entertainment Group is fast-tracking construction of its next tower is sure to deliver another shot of confidence for a city left nervous and shaken by the COVID-19 pandemic.

Work on this 63-storey supertower, which will include both residential units and a five-star hotel, will begin next month, no doubt leaving tradies rejoicing at the good news.

This project will add yet another arrow to the city’s tourism quiver and deliver an economic boost, both in the short and long term.

The Star, formerly known as Conrad Jupiters, opened little more than 35 years ago and this latest addition to Broadbeach Island ensures that it will become a true integrated resort in the style envisaged nearly a decade ago as part of the ill-fated Broadwater Marine Project.

With further investment on the cards, attention must now turn to other key projects across the Coast including the expansion of the convention centre.