Forums > Windsurfing Queensland

casino / spit - it's on again

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Created by Haircut 8 months ago, 20 Dec 2016
Haircut
QLD, 6098 posts
20 Dec 2016 9:27AM
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www.brisbanetimes.com.au/queensland/asf-consortias-3b-casino-now-likely-on-southport-spit-20161218-gtdke7.html

even if it's go-ahead is a long shot, still worth keeping on top of it

da vecta
QLD, 2261 posts
20 Dec 2016 10:17AM
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Needs to be crushed

swoosh
QLD, 1620 posts
20 Dec 2016 12:26PM
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I wonder if we can trick them into building us two big wind venturis for green arrows all the time



Macroscien
QLD, 4016 posts
20 Dec 2016 4:01PM
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Select to expand quote
swoosh said..
I wonder if we can trick them into building us two big wind venturis for green arrows all the time




Not a chance. Because such strong wing will cause the cars dropping of the planned bridge between Seaworld and Southport




John340
QLD, 1598 posts
7 Mar 2017 3:36PM
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The following article was in today's Australian re the financial viability of ASF, the Casino proponents

Auditors have cast doubt on the ?financial viability of the parent company behind a consortium that has won exclusive negotiating rights with the Queensland ?government to develop a $3 billion ?casino and hotel project on the Southport Spit.

In a politically embarrassing finding for the state government, which has spruiked the project as a cornerstone economic development, the latest filings by ASX-?listed ASF, which is the sole owner of the consortium, reveal it has lost $92 million of $102m raised from investors. Its auditors have warned there is "material uncertainty'' about its future.

The accounts of ASF - whose directors are predominantly Chinese nationals - show the group lost $5.97m in the six months to December, almost as much as the $6.25m in cash it has remaining.

Auditor Matthew Leivesley, partner of accountancy firm Grant Thornton, said there was a ?"material uncertainty" over whether ASF could continue as a "going concern", and its continued operations were dependent on its ability to "achieve sufficient profitability" and to raise more funds.

The planned Gold Coast mega-resort - including a "world-class casino" and five high-rise towers, including three "branded five and six-star hotels" - has been promoted by the ALP Queensland government on official websites and by State Development Minister Anthony Lynham.

Mr Lynham has repeatedly ?declined to speak to The Australian in recent days despite the auditors' warning about ASF's financial health. Department spokesman, Andrew Evans, said the ASF proposal was from ASF Consortium, which was a wholly-owned subsidiary of ASF.

"In assessing the commercial viability of the consortium proposal, the government will consider the financial capacity of individual members as well as the wider consortium," Mr Evans said.

When asked to provide details of who the other members of ASF Consortium were, Mr Evans provided a link; however, the parties were two law firms, an architect, town planners, a consultant, a marketing firm and a construction group - all entities any property developer would typically engage.

Neither the Queensland ?government nor ASF would ?provide ?information when asked whether there were any equity partners in the proposal aside from ASF, other than to claim such ?information was "commercial in confidence".

ASF management also ?declined to speak to The Australian, but spokeswoman Nina Ellingsen said ASF "manages a lean and conservative balance sheet" and had a "spotless track ?record of raising capital from its networks".

ASX statements released by ASF in September and last month show the company has borrowed $5m and $10m respectively at an interest rate of 10 per cent, to be ?repayable in cash or company shares, from a company called Star Diamond Developments. ASF ?declined to provide details about Star Diamond Developments.

Of the predominantly Chinese ASF directors, led by chairwoman Min Yang, a number boast ties with government networks in China and Chinese government-run businesses.

Ms Ellingsen said: "ASF and its directors are not ?directly associated with the Chinese government." However, she said the "consortium" included Chinese state-owned enterprises.

The construction group listed in the ASF consortium link ?provided by Mr Evans' office is Chinese government-owned China State Construction Engineering Corporation.

ASF shares closed flat at 19c yesterday, having traded around that level for the past six months.

MarkSSC
QLD, 285 posts
9 Mar 2017 9:58PM
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Governments like casinos because of the revenue they provide...no surprise. Apparently, casinos make more than other forms of gambling...not sure of that though. Even so, if is easy to see why the well attired powers that be made a mistake on this one. They will still push ahead though.

greenleader
QLD, 5054 posts
9 Mar 2017 10:13PM
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Southport seaway 1982

da vecta
QLD, 2261 posts
10 Mar 2017 10:53AM
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Bjelke-Petersenland '82

tonyd
QLD, 366 posts
10 Mar 2017 12:37PM
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Select to expand quote
greenleader said..


Southport seaway 1982


Straddie looks like it used to cop a hiding.

John340
QLD, 1598 posts
10 Mar 2017 2:08PM
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Select to expand quote
greenleader said..


Southport seaway 1982


Classic 80s setup:
- high aspect sail
- foot of sail a foot above the deck
- boom too long
- front part of sail back-winding
- sharp rails all the way through to the nose

greenleader
QLD, 5054 posts
10 Mar 2017 8:53PM
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yep, i took the picture of john buick on the latest f2 sunset with 4.6 and a boom with add on pieces....we were not complaining about anything in those days

jusavina
QLD, 1035 posts
12 Mar 2017 12:24PM
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Select to expand quote
John340 said..

greenleader said..


Southport seaway 1982



Classic 80s setup:
- high aspect sail
- foot of sail a foot above the deck
- boom too long
- front part of sail back-winding
- sharp rails all the way through to the nose


You forgot the massive "Hawaiian" uphaull rope and the harness lines super wide apart Color scheme wise, we are back to it and I like it.

John340
QLD, 1598 posts
13 Mar 2017 3:20PM
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Select to expand quote
greenleader said..
yep, i took the picture of john buick on the latest f2 sunset with 4.6 and a boom with add on pieces....we were not complaining about anything in those days


We didn't know any better and were just happy to be sailing

LostinSpace
QLD, 375 posts
18 Mar 2017 10:48PM
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Hi Polester Buddies

Unfortunately I will be away and unable to attend tomorrows Information Session on ASF's Main Beach Spit Development Proposal Propaganda Meeting at Broadwater Parklands starting at 10:30am as I would have liked to as many who know me understand I try to be actively involved as I can but just to let you all know I have already responded to the Survey and Partition and hope many of you will do the same to protect our scarce resource flatwater recreational sailing areas that has traditional been used by Windsurfers for over 40 years and Kiteboarders for well over 15 years there. Needless to say any High or Multi Storey Developments on the Main Spit Area are going to disturb the wind patens across the Broadwater forever! All protest groups I have talked to in the past are not against Development or Job Creation but are against Highrise Developments being designed, approved and constructed on land that was and has never been zoned for those types of Developments when there is an abundance of suitably zoned land all over the Gold Coast available. Once, one Multi Storey Highrise Development is approved to be built on the Main Beach Spit this will then open up a plethora of other Multi Storey Highrise Developments to be approved and built there along with many of the existing low level structure building will be bulldozed and redeveloped. The future will then be for a GREAT WALL OF 5 AND 6 STAR LUXURY HIGHRISE DEVELOPMENTS PITCHED AND AIMED AT THE WORLDS WEALTHY ELITE FOR THEIR EXCLUSIVE ENJOYMENT! Where these Building will overshadow vast currently open recreational areas and create dangerous wind eddies across the Broadwater as a hazard to all vessels and/or moored vessels. In addition to this due to increased extreme density to this area will leave no alternatives eventually to only access the area and beyond by public transport services or as some Bozos seem to think that a Water Taxi Service is the way to go? Imagine carting your Surfboards, Dog, Kiddies, Picnic Tables, BBQ, Fishing Gear, Dive Tanks on the Public Transport System and no doubt to offset these costs the 'Powers That Be' will charge you to park at a centralized location. In addition to this and it is something that no one has even began to talk or think about including the Local and State Government that there was reports tabled way back in 2012 if my memory serves me well that, in order to increase any more density in the Main Beach Area including the Main Beach Spit is that the whole of the Sewerage, Water and Stormwater infrastructure would need to be ripped up and re done to cater for the increased capacities, now guess who would have to foot the bill of Multi Millions to do that Mr Rate Payers? Things are also being hushed over about 'Significant Weather Events' could severely erode and compromise any areas to the complete Main Beach Spit Area and no doubt Mr Rate Payers of the Gold Coast you could bet your sweet bottom $'s who might have to foot the bill's to shore up that if the need arises along with the upkeep and dredging for any form of Cruise Ship Terminals. I could go on about exclusion zones around Shipping Terminals and Damming Pollution Evidence and how Cruise Shipping Companies in the past have just walked away from things but I am not going to go on to much further. If you have a heart, a mind of your own and can get the Big Picture as to how this Development and others planned or in the pipe line for the Main Beach Spit will destroy the Beautiful Vistas Across the Broadwater Bay Area, the fabric and essence of the Beautiful Main Beach Spit that was promised to be a Low Rise Only Development Area set aside for developments and use for 'The People Of The State Of Queensland for their Recreation, Entertainment and Enjoyment'. Not for a minority of Rich Waynkers to exploit our backyard playground and environment where it was set aside for Us and not their greedy lust for $'s at our Environment and Legacy for our Future Generations Expense, where there are so many other areas approved for them in the first place instead. If a Casino Licence is granted to them and they are not allowed to build on the Main Beach Spit does anyone think they will walk away, I don't think so, they will just go and build it somewhere else where they are allowed to do so and a Cruise Ship Terminal for the Gold Coast where there is no Natural Harbour Suitable for it and where there is a Natural Harbour Facilities and hours drive North is just plain dumb! Tom would be best of spending his energy on getting the M1 to Brisbane duplicated NOW! and stop all his grandiose exploitation of the last remaining pockets of green and open vista areas on the Gold Coast. Please stand up for what is right and have your say, time is running out, forever on this one!

Thanks



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"casino / spit - it's on again" started by Haircut