The 121 unit $50 million luxury resort fell foul of the Global Financial Crisis and has stood half built as a symbol of a stalled economy for years between the townships of Agnes Water and Seventeen Seventy.But optimism is back in the southern parts of the Gladstone region, since the sale of the project last month to an investment superannuation fund, and the clean up of the site is well underway.Project manager Gary Johnstone is back as well, fulfilling his promise to the town to see the project through despite the financial problems with past developers and financiers.”I think we had this conversation about four years ago and I said then that I would finish it and here we are, Mr Johnstone said.”It will take us about two months to do a bit of tidying up and rectification work to get it back to how it was, but then it should take about 12 14 months to finish it.The new look Lagoons will now include a health and day spa cheap jordans online, conference centre and bar and restaurant, along with the units all overlooking the spectacular central lagoon and island.”Unfortunately a lot of people lost money when the GFC hit, including me, but we have worked hard to ensure it gets finished and brings something back to the local area.”There is nothing like this here; a conference centre and all the facilities will make it a pretty attractive investment and provide plenty of employment opportunities. Related Items Luxury unit development saga at 1770 coming to an end Hopes for Lagoon project resurface Noosa reminder of money owed Financial storms batter developments Stalled project gets another go Another Agnes devt. In financial trouble Real estate agent says now is the time to invest locally New study sees best case house prices go past $900k Foreign buyers splash out $6m in year on Gladstone homes Pounce on dip in Gladstone property market, reap rewards Young Gladstonites leap into market, but not on home turf Sad day for Miriam Vale as grocer shuts up shop Agnes Water business building a reputation for quality homes Lagoons resort finally set to open in April Agnes Water transformed to almost 5 star resortShow MoreGladstone Newspaper Company Pty Ltd 2017.News Corp Australia Group WebsitesNeed Help? Refer to our helpful FAQ section for any problems you might be experiencing.Gladstone Observer Gladstone News National News World News Sport Lifestyle Travel Shopping Business Real Estate Home Loans Horoscopes Gladstone Weather Newspapers in EducationWhat’s On Entertainment Events Place an event CompetitionsGladstone Classifieds Jobs in Gladstone Cars for Sale in Gladstone Property listings in Gladstone Bargains for Sale in Gladstone Obituaries in Gladstone Personals in Gladstone Notices in Gladstone Property for Rent Houses for Sale Classifieds Garage Sale Recruitment.
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