The Queensland government has approved a comprehensive masterplan for the Dreamworld precinct in Coomera, utilizing special powers to fast-track the development.
The plan permits the clearing of land for a significant expansion that includes resorts, residential apartments, and retail spaces, transforming the site beyond its current theme park operations.
The decision marks a pivotal shift for the Gold Coast tourism hub, allowing Coast Entertainment to proceed with a diversified property strategy.
By bypassing standard planning delays, the state aims to accelerate investment in the region's hospitality and residential sectors.
The approval follows consultations with various stakeholders, signaling a coordinated effort to boost local economic activity through large-scale infrastructure projects.
This development aligns with broader trends in Australian tourism and real estate, where mixed-use precincts are gaining traction as destinations for both leisure and living.