AAP General News (Australia)
08-18-1999
QLD: $1 billion development for the Gold Coast
The Gold Coast will be home to a $1 billion fully integrated housing and high-tech industry
development.
The Delfin Property Group will develop Varsity Lakes on a 300 hectare site adjoining Bond
University following an agreement with the University of Queensland.
The project will provide 800 jobs during the building phase and when established about
5,000 jobs will be created.
Delfin's managing director CHRIS BANKS says Varsity Lakes will be a model of an integrated
urban economic community and attract high tech industries.
He says it will also cement Queensland's high-tech credentials by linking Brisbane and the
Gold Coast with the proposed high band width fibre optic cable.
And, Gold Coast City Council Nayor GARY BAILDON has hailed the project as a partnership
between academia, the government and the private sector.
The project is expected to span 10 years.
AAP RTV ch/wz/jn
KEYWORD: VARSITY (GOLD COAST)
1999 AAP Information Services Pty Limited (AAP) or its Licensors.
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