Issue 152 of COAST Community News

Page 1

FEBRUARY 23, 2017

YOUR INDEPENDENT COMMUNITY NEWSPAPER

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PH: 4325 7369

ISSUE 152

Billion Dollar Waterfront Proposal markets,” he said. “We have the DA process and the public involvement process ready to go. “We have brought in the best architects and engineers Australia has to offer and this is about infrastructure; it is not a land grab. “We have done the 20-year plan. “As an international investment banker, I knew I had to secure the funding first and that is what I have done. “We have asked Council to give us the green light to start working through all the issues with the community and the environment. “We will take the commercial

billion-dollar project that aims to transform Gosford into the infrastructure investment gateway to Asia is waiting for a stamp of support from the Central Coast Council and NSW Government.

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Mr Steve Duncan, Chairman of the G5 Global Vision Foundation and Bensville resident, said the proposal had been presented to the NSW Premier and Cabinet and that he was hopeful of an opportunity to meet with NSW Government representatives within the next couple of weeks. The proposal, which includes plans to redevelop the Gosford waterfront, has been on the desks of senior executives at Gosford and then Central Coast Council for almost 12 months. Mr Duncan said the proposal involved waterfront retail and public space, hotel and conference facilities; mixed use residential, commercial and retail, a highspeed intercity ferry service and infrastructure; and much more. The Central Coast Council has asked the NSW Government to assist it to formulate a strategy and roadmap for the State Significant, world-class project. In briefing notes presented to NSW Government Ministers at a recent Community Cabinet meeting, the Central Coast Council asked for “an audience in confidence with the State Government to present this opportunity and formulate a strategy and roadmap for the realisation of the project with a view to it being a State Significant project. “Central Coast Council has been working commercial in confidence with a proponent on a proposal that has the potential

Gosford waterfront

to be a game changer for the Gosford Waterfront,” which the briefing notes described as the “gateway location to the Central Coast. “The proposed Gosford waterfront development will work within the framework and principles set out by the intended Gosford Masterplan undertaken by the former Gosford Council, the Gosford Challenge, and Our City, Our Destiny Gosford Masterplan,’ the briefing document said. “This State Significant project will require partnership with the NSW State Government across a number of portfolios including planning, lands and RMS. “It has the potential to change the face of the Central Coast region, bring significant employment and economic stimulus to the region and contribute to the social wellbeing of the community,” the Cabinet briefing said.

Mr Duncan, who has had a long career as a merchant banker, said the project had been years in the planning and also involved a much bigger picture for Gosford and the region. The G5 Global Vision Foundation owns a company called Cellate, which is an Australian building technology that dates back to 1964, and established landmark projects in Australia until it relocated to the United Arab Emirates in 1990. Mr Duncan said he had successfully convinced the company to relocate its headquarters to Gosford as a stepping stone to expanding into Asia, and that Cellate was also negotiating the acquisition of a number of sites to develop as housing on the Coast. “The Central Coast Council has been very meticulous in dealing with our proposal because they

want it to happen,” he said. “I would say they have been a lot more cautious than they have been in the past because they have been disappointed before. “We have got to get Australia back working again and the Central Coast has been neglected because the same people have been in the same positions for the past 20 years and nothing has happened,” he said. “Our group specialises in infrastructure capital raising and we have serious projects on the go in India, South Africa and Asia. “We have been in the Middle East and have done very well out of it, but we are pulling out because the current situation is too dangerous. “We believe the growth region in the future will be Asia, locations like the Philippines and Indonesia, and Gosford is perfectly positioned to be our gateway into those

risk; we just want to be able to lease the [waterfront] land on commercial terms.” Mr Duncan said he believed the proposal would create 3,000 long-term jobs in Gosford. “We are working with the University of Newcastle to bring a Centre of Engineering Excellence to Gosford. “The Australian Maritime College will have a presence on the Central Coast,” he said. The Gosford waterfront was described in the Council document as one of the most picturesque landscapes on the eastern shores of Australia. Continued P3

Member for Gosford, Kathy Smith, resigns from Parliament ember for the State Seat of Gosford, Ms Kathy Smith, has announced her resignation from NSW Parliament, due to her ongoing struggle with cancer.

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Against all the odds, she won Gosford for Labor in 2015. Ms Smith was diagnosed with cancer in 2016, and doctors were confident at the time that she would win her second battle with the disease that first struck her in 1996.

Unfortunately, the cancer has now metastasized and requires further treatment. “There is no higher honour than to represent your community in Parliament, and that is why it is with great sadness that I announce my decision to resign as your Member for Gosford,” Ms Smith said. “When I was diagnosed with cancer last year, my doctors were positive that, with treatment, I would win my second battle with this disease,” she said. Continued P4

Office: 120c Erina Street, Gosford Phone: 4325 7369 Mail: PO Box 1056, Gosford 2250 E-mail: editorial@centralcoastnews.net Website: www.centralcoastnews.net Mobile Website: www.coastcommunitynews.com.au


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