Investors call for another bridge to boost development
ONLY one third of proposed housing developments at Tannum Sands and Boyne Island will be sold, a property investor has warned, unless another bridge is built to connect the two townships.
Little Property Group founder Paul Little is an investor in The Sands development, and said connecting Tannum Sands Rd to Boyne Island Dr would boost the property market.
Lyons Residential development manager Oliver Kent said his group would fast-track plans for a "town centre" in the development if the Gladstone Regional Council fast-tracked work on the proposed connection.
Mr Kent said the council had already committed $5 million to investigate and design the bridge.
He said if the council started those works immediately, development of a retirement village, Olympic-sized swimming pool and childcare centre could start at the end of this year.
The Sands is currently waiting on a council works approval for 108 lots in stage 1.
Mr Little said it was part of 6400 approved lots spread over three new estates in the area.
"Without the bridge, it is estimated only one-third of these 6400 lots will be sold in the next 10 years," he said.
But he said all lots would be sold by 2023 with the added infrastructure.
Mr Little is speaking at the GAPDL Business Enterprise Luncheon on Thursday to promote the proposed Pioneer Dr extension.
The lunch at Yaralla Sports Club starts at 11.30am.