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Cruiseship project bond offer blasted Local Gold Coast News
A DEVELOPER with plans for any cruiseship terminal about the southern end of the Gold Coast has taken aim at rival company Sembawang,[link widoczny dla zalogowanych], questioning why it offered the State Government a $250 million bond if its project was approved.
Billionaire developer Bob Ell Leda Group has proposed a $200 million cruiseship terminal,[link widoczny dla zalogowanych], three hotels along with a casino at Bilinga.
Yesterday the Bulletin revealed Sembawang leader Ric Grosvenor was prepared to supply $250 million to the State Government if its proposal was approved,[link widoczny dla zalogowanych].
Leda Dennis Hughes said he couldn't realise why Sembawang was providing the $250 million bond,[link widoczny dla zalogowanych]. He explained it was stepping outside normal procedure,[link widoczny dla zalogowanych].
"If everyone puts up an enormous bond it sets a precedent right throughout Queensland,[link widoczny dla zalogowanych]," he explained.
"You could go along,[link widoczny dla zalogowanych], put in a massive bond and it similar to an assurance for that government.
"They seem to be pretty confident when they willing to set up a $250 million bond. I don think the federal government will go for it,[link widoczny dla zalogowanych]."
Mr Grosvenor said the text wasn't about buying influence but providing surety the project would go ahead. We don participate in the space from the legendary,[link widoczny dla zalogowanych], tired old white-shoe brigade."
Crown Ltd public relations gm Ann Peacock declined to discuss Mr Grosvenor statement on "big players" in the gaming industry attempting to stop his proposal. Mr Grosvenor would not say who the players were,[link widoczny dla zalogowanych].
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