GKI reno could be cash boon for council

PLANS to revitalise Great Keppel Island could deliver more than $6 million rates payable to the Rockhampton Regional Council each year.

Tower Holdings' business development manager Anthony Aiossa said an economic analysis of the proposed $1.15 billion revitalisation project found the project would provide an on-going boost to local and State Government revenue, through rates, headworks charges, land tax and payroll tax.

Mr Aiossa said the project was expected to create 1400 new jobs, inject more than $145 million per annum into the local economy and cater for more than 4000 visitors, staff and residents on the Island each day.

“Great Keppel Island will provide a prolonged economic stimulus for the Capricorn Coast and central Queensland economies,” he said.

“Increased economic activity will also generate additional revenue for government, including the Rockhampton Regional Council.

“We anticipate more than $6 million will be payable in rates to the council alone each year, for it to provide services and undertake works.”

Mr Aiossa said Tower Holdings' plans for Great Keppel Island would save government future expenditure of necessary infrastructure on the Island.

“The plans to revitalise Great Keppel Island will also provide much- needed public infrastructure such as a marin,improving access to the Island at no expense to the rate or taxpayer, local or State government.”

Former Livingstone Shire Council Deputy Mayor Brian Dorey said the essential infrastructure benefits that Tower Holdings will bring to the island in providing adequate services for the future of their development will prevent huge costs being borne by the council and its ratepayers in the long term. More detail about the Great Keppel Island Revitalisation Plan is available at www.gkiresort.com.au

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