Member for Gaven Dr Alex Douglas MP has asked the Deputy Premier how the State Government plans to set the value of public land which the Gold Coast Mayor Tom Tate’s private development company wants to use in a 60-storey tower development in Surfers Paradise.
The land with frontage to Remembrance Drive and Peninsular Drive, is included in Crestden’s planning application for the construction of the tower on the former Surfers Paradise Bowls Club site.
In Parliament yesterday, Dr Douglas asked a question on notice to the Minister for State Development, Infrastructure and Planning on how transparent this will be to the public.
Gold Coast City Council late last year approved Mr Tate’s development for the tower on the site of the former Surfers Paradise Bowls Club, although Crestden failed to say a contract on the adjoining Crown Land block grossly under-valued at $1 million had expired.
“This land is prime real estate with a limitless height zone and could be worth $10 million to a speculative purchaser,” Dr Douglas said.
“The $1 million valuation negotiated by Crestden with the Department of Natural Resources was grossly under-valued and lacking transparency, considering the land is prime Surfers Paradise real estate.
“The sale of this land must be open and transparent.”
The Minister has 30 days to respond to the question asked by Dr Douglas.