Gold Coast Bulletin
The Commonwealth Games precinct at Carrara is sparking a new wave of development and interest in the city’s west, say development industry figures.
Hundreds of millions of dollars is being spent to build venues for the 2018 event and this appears to be inspiring developers to open their wallets and invest in the city’s west.
Carrara’s sports precinct is undergoing a $122 million upgrade and developers have their eyes on surrounding land.
It is understood developer Wanda, which is working to build the $1 billion Jewel high rise with Ridong, is considering a new project in Nerang which could include a technical college.
Artist impression of the Carrara Sports Precinct being developed for the 2018 Commonwealth Games. Picture: Supplied.
A Wanda spokeswoman confirmed the Nerang project was “in its infancy” and not at a stage where further information was available.
Area councillor Bob La Castra said there had been a spike in development plans for the area in recent years and said he expected more to come.
“There is a growing sense of development in the area and I am hoping this leads to greater focus on improving public transport options, including east-west buses,” he said.
“There are development proposals coming in and going from the Games precinct out towards the railway stations.
“There is a lot planned for this corridor and the Games has acted as a catalyst not just for this but for road upgrades nearby on Ross Street.
Artist impressions of the new Carrara Sports Precinct for the Gold Coast 2018 Commonwealth Games.
Work is expected to start later this year on a new traffic light-controlled intersection at Ashmore Rd and Ross St to replace the roundabout.
The new intersection will include multiple lanes while improvements to Nerang-Broadbeach Rd and Olsen Ave will enhance traffic flow in the area.
Further road works include the widening of one of the city’s most congested arterial roads — Bundall Road.
Funding for the project was confirmed earlier this year by the Palaszczuk Government.
Developer Steve Harrison said Games sites, including the Athletes Village at Southport and sports centre at Coomera, would act as a booster for other projects.
“The Games definitely has a catalytic outcome and stimulates the land around the nodes that are created,” he said.
“It would be nice to see additional big ticket infrastructure begin to appear too.”