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Airport Update

Dec 08, 2017 Ann Lindner Comments ((Disabled))

The Sunshine Coast Council has announced that Palisade Investment Partners has now taken up the 99 year lease for the Sunshine Coast Airport Pty Ltd.

“It will open Sunshine Coast up to Asia and the South Pacific enabling us to connect to the world,” Mayor Jamieson said.

“The Sunshine Coast Airport expansion will contribute $4.1 billion to the local economy and generate more than 2230 jobs during the operational phase."

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Airport deal takes flight

Feb 14, 2017 Ann Lindner Comments ((Disabled))

A $605 million deal with Palisade and the Sunshine Coast Council has been struck to deliver the international airport. As part of a 99 year lease, Palisade will pay $82 million lease payments in total with an up-front $67 million payment that the council will use for the construction of the runway.

Palisade will take charge of operating, investing and developing the airport along with negotiating with airlines for routes etc.

The deal will not only see the council retain ownership, but also pocket a 5% annual slice of the gross revenue for the life of the lease.

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Sunshine Coasts International Airport

Dec 07, 2016 Ann Lindner Comments ((Disabled))

As an early Christmas present the Federal Government has approved a $181 million concessional loan for the Sunshine Coasts International Airport.  ..

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