It used to be one of Queensland’s most iconic resorts.
Now, Great Keppel Island Resort has been knocked down after 10 years of sitting derelict.
Once known for its ‘Get Wrecked on Keppel’ slogan, the resort was closed in 2008, two years after its purchase by Sydney-based Tower Holdings.
And it has been something of a white elephant ever since.
According to the ABC, a $600 million proposal to build accommodation, a casino, marina, golf courses, and shops was approved in 2012, but nothing ever came of it.
Now, Tower is looking for a partner to build a new resort, and although a deadline for the deal has not been given, Keppel State Member Brittany Lauga said she expected the owner to have a partner or investor by March.
"We don't want an investor to just come in and sit on this for years. We want to see action," said Ms Lauga, describing the demolition of the former resort as a major milestone for the redevelopment of the GBR island.
Since it closed, locals have protested the dormancy of the resort, so any progress made on the island will be welcomed by all parties.
"The resort redevelopment is fully approved and ready to go and Tower, in finding an investment partner, will need to seek the approval of the State Government in order to progress with any type of transfer of the leases," Ms Lauga said.
The partnership is expected to come with a price tag of around $25 million, and there are four potential buyers in the pipeline, sales agents said.