Mining billionaire Clive Palmer has vowed to spend $100m redeveloping his Coolum Resort on Queensland's Sunshine Coast after it fell into disrepair soon after he bought it a decade ago.
The Palmer Coolum Resort redevelopment will include replicas of the Wonders of the World and famous landmarks including a full-size Trevi Fountain.
Around 300 premium studio, two and three bedroom apartments will be refurbished in the luxury upgrade which will also feature seven restaurants and the total renovation of the Village Square at the heart of the resort which was once one of Australia's premium luxury enterprises.
In a statement this morning Mr Palmer said 100 tradespeople and construction staff were already on site at the resort near Noosa, with a further 100 expected to be employed on the project by mid-year, ahead of an anticipated opening of stage one in the second half of 2022.