The Sunshine Coast Council has projected revenue of $310million to flow to the Maroochydore new city centre by 2028.Borrowings are estimated at $124.534 million to fund the completion of the project.
A further $120m has already been spent including commercial and residential property along with land to accommodate roads.
The new centre is expected to deliver benefits including 30,000 jobs, new public facilities and improved traffic and pedestrian flows through Maroochydore.
More than 90% of the first stage lots were in commercial or contract negotiation, worth $91m. There are five more precincts yet to be released and they will be released progressively over the 20 year life of the project.