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Altum goes back to drawing board on GKI


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Developer Altum Property Group has gone back to the drawing board on its Great Keppel Island project, on Thursday revealing it had revised its budget.
Altum also announced it had adjusted its program for common user infrastructure for Stages 1 and 2 of the GKI resort re-development, on the back of advice from Keppel MP Brittany Lauga, Livingstone Shire Council and community stakeholders.
Altum director Rob McCready said the company had listened to what councillors said in a special meeting on Tuesday.
“We’ve listened to what councillors said in the meeting on Tuesday and have had multiple conversations with stakeholders,” Mr McCready said. ....

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Council votes on what GKI infrastructure to endorse


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Livingstone Shire Council voted not to officially endorse Altum Property Group s and the GKI Progress Association s list of Great Keppel Island infrastructure on Tuesday.
The council will, however, write to the State Government that it desires responsible redevelopment of Great Keppel Island using all of the government s committed $30 million, possibly beginning with walking trails, visitor facilities, and more.
Also included in the council s resolution was the wish that the State Government speed up its decision regarding GKI leases.
Although building on the island is the State Government s prerogative, Altum construction director Rob McCready, who was at Tuesday s meeting, hoped council backing would help break something of a stalemate between the two parties. ....

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How should $30 million be spent on GKI?


Livingstone Shire Council is seeking suggestions about how $30 million should be spent on Great Keppel Island, but there are discrepancies between its ideas compared with those of developer Altum Property Group.
The money in question is the State Government s, set aside for infrastructure on the island, and the council s role is understood to be mainly one of advocacy.
In January, Livingstone Shire Council gave a list of its preferred projects to the Department of Tourism based on the assumption that future private investment on Great Keppel Island remained uncertain in both scope and timing .
Altum did not wish to reveal the funding sources with which it recently submitted, for the second time, a financial and managerial capability assessment, now under review, to persuade the State Government to grant it the GKI leases currently in the hands of Tower Holdings. ....

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