Again today the question was asked "what is the latest with Aquis" who now really cares after what has come up in the last week.
How can anyone believe what the proposed developers of Aquis have to say, initially they were going to build and $4.5 billion resort/casino with the promises of upgrading roads especially from the Cpt Cook Highway to the resort extending to the 60kms sign entering Yorkeys and paying the upgrade costs.
The an overpass at Caravonica which was never going to happen according to a source from the DMR.
Then the whole dynamics change the resort design changed and the cost rose to $8.5 billion with 2 casinos and the promise of thousands of visitors here each year... REALLY
Also the upgrade assistance went by the board so the residents would be left to pay for the road upgrades.
Then we had the threats of pulling out because the probity was taking too long, Mr Fung had said that it was 12 months since the application was forwarded to the government but then the Commissioner David Ford said NO NO NO it was only five months and that was the start of things to come.
Then we hear that only 3 out of the 15 requirements had been completed, on top of that the proponents had missed three "FORMAL" meetings and one would have to ask WHY?.
Now the Reef Casino/Hotel will gone by the wayside on Friday November 28, 2014 and the Fungs are now trying to purchase the Canberra Casino for a measly sum of $6 million which to any lay person would indicate a very low profit margin each year and then after 12 months put it on the Hong Kong stock exchange to raise money for Aquis.... a total pipe dream.
Let's be honest we are a tourist destination not a gambling city within excess of 1 million people we have approx. 160,000 residents.
The probity has not even been completed for either Cairns or the Canberra Casino so it may not even get the nod in either places.
When developers carry on like this the residents and the community as a whole lose faith and that's what is happening now, just read the comments on the Cairns Post stories of Aquis and you will find people who supported this development have now gone the other way.
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