Good news Tweedle, thanks.
Any news on what these plans would mean for the Club revenue wise? Would they get a cut?
Yes, I asked whether the club would get 10% of sales from the additional 200 units. I was told the club would actually get more than that but not given an exact figure. In any event, it should be more than $14 million.
The club would also have the opportunity to re-invest into the hotel, and would also own conference facilities and I assume the centre of excellent (which could be used by other sporting teams / athletes).
There is also 500sqm of community space that would be used by community groups, not for profit types. Obviously no revenue from this but a good kick back to the community.
A gym is also proposed approximately where the summertime bar is now. Not sure if this will be another revenue stream or used by the residents.
And something about a 'mans shed' where old dudes hang out?