ROCKHAMPTON Regional Council has confirmed the owners of The Cambridge Hotel have not lodged any development or building applications for the site with them.
However, that doesn't mean nothing is going ahead.
A sign placed on the door of The Cambridge on Wednesday morning said the business was closed for redevelopment.
The unexpected closure has generated lots of discussion online.
Many people were disappointed by the news, with others again voicing concern over the health of Rockhampton's CBD.
When David French was growing up in Rockhampton he said there were enough pubs in town to visit a new outlet every week for a year.
A lot of things have changed since then, but the managing director of Capricorn Investment Partners believes "the era of those big, iconic pubs has passed".
"Look at the amount of assets invested in them and how much turnover they'd have to make just to maintain something like the Heritage," he said.
"The business model needs to change."
In other major cities the CBD consists of prime real estate, and David said we should be enforcing initiatives to make this a reality in Rockhampton too.
He wants more development in the middle of town to encourage more CBD living, rather than continued expansion on the outskirts.
He also discussed old plans to move the university into the centre of town, and said if that had gone ahead it would be "powering" the CBD.