Addition Friday 6 March 2009
Resort Corp's plan to build a $500 million integrated resort on former farmland at Funnell Bay near Airlie Beach has been confirmed as cancelled.
Peter Madrers and Resort Corp partner Paul Brinsmead were better known in the Tweed Shire of northern NSW for apartment developments in the coastal villages on the border in the past seven years. Administrators said yesterday a group of 14 Resort Corp companies had sought voluntary administration on Monday.
Subsidiaries of Gold Coast company Resort Corp were placed into voluntary administration on Monday, owing more than of $300 million.
It is unknown whether the proposed Santai Airlie Beach and Funnel Bay will go ahead.
More on this story at goldcoast.com.au
History
$100m hotel for Airlie Beach
Courier Mail - News Limited Australia - Dec 30, 2005
RESORT Corp has paid $7 million for a patch of Airlie Beach paradise on which it ... Kingscliff Beach; the five-star Santai resort hotel at Casuarina Beach; ...
… Government gives green light for Resort Corp project Beach...
Gold Coast Bulletin - News Limited Australia - Apr 7, 2006
Late last year the firm also announced two landmark projects in north Queensland: a $100 million five-star resort hotel at Airlie Beach; and a $500 million ...
Bond girl Ivana Milicevic to be face of Airlie Beach
NEWS.com.au - Aug 22, 2008
... is the perfect face of Airlie Beach, which is being rebranded as the ... and Spa and the new $85 million luxury holiday home resort at Airlie Beach, ...
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