Re­sort ’ mess’ fires up con­flict

Townsville Bulletin - - NEWS - TONY RAGGATT

AN­OTHER US en­tity has taken over late tourism icon Keith Wil­liams’ Port Hinch­in­brook re­sort at Card­well as a Townsville liq­uida­tor de­scribed the sit­u­a­tion as “a mess”.

A se­ries of le­gal ma­noeu­vres have been un­der­taken in re­cent days in a con­tin­u­ing strug­gle be­tween the re­sort’s in­vestors and some of its res­i­dents.

“I think at some stage there needs to be in­ter­ven­tion by at least state and lo­cal au­thor­i­ties to tidy up that devel­op­ment,” liq­uida­tor to The Pas­sage Hold­ings Pty Ltd Michael Bren­nan said yes­ter­day.

The Pas­sage Hold­ings was an­nounced last year as the buyer of the as­sets of the pre­vi­ous owner, the Wil­liams Cor­po­ra­tion, which fell into liq­ui­da­tion af­ter its 2013 col­lapse. Now The Pas­sage Hold­ings has also been placed into liq­ui­da­tion af­ter a suc­cess­ful pe­ti­tion to the Bris­bane Supreme Court by a group of 20 res­i­dents.

Mr Bren­nan was ap­pointed by the court on Au­gust 4.

He said he un­der­stood that sub­se­quent to the liq­ui­da­tion rep­re­sen­ta­tives of some of the se­cured cred­i­tors to The Pas­sage Hold­ings had taken pos­ses­sion of the re­sort prop­erty un­der a se­cond mort­gage.

Res­i­dents at the re­sort have told the Bul­letin no­tices were at­tached to the front doors and win­dows of of­fices and busi­nesses at the re­sort this week.

The no­tices say the mort­gagee, Oak­land In­vest­ment Group Ltd, has taken pos­ses­sion of as­sets and all land within the devel­op­ment.

Mr Bren­nan said that from dis­cus­sions with le­gal rep­re­sen­ta­tives for Oak­land he un­der­stood the in­ten­tion was to con­tinue to fund the re­sort devel­op­ment.

“There’s mul­ti­ple par­ties in­volved. Quite frankly, it’s a mess,” Mr Bren­nan said.

“Right now the po­si­tion seems to be that a mort­gagee has taken pos­ses­sion ( of the prop­erty) with a view to try­ing to sta­bilise the sit­u­a­tion there.”

He un­der­stood res­i­dents’ griev­ances re­lated to pro­vi­sion of ser­vices in­clud­ing sew­er­age and road ac­cess.

Agents ap­pointed to sell prop­erty at the re­sort, Place Projects, said rep­re­sen­ta­tives of Oak­land were due to visit the re­sort to­day for meet­ings.

Place Projects prin­ci­pal Bruce God­dard said their sales of­fice re­mained open and that as long as the re­sort was mov­ing for­ward “we are on board”.

“We are be­liev­ers in the project as long as there are fun­ders to make it hap­pen,” Mr God­dard said.

A spokesman for Oak­land In­vest­ment Group could not be con­tacted for com­ment.

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