THE vision for a brand new Maroochydore city centre, creating thousands of jobs and generating millions of dollars, is one giant step closer to becoming a reality.

Sunshine Coast mayor Mark Jamieson has announced the establishment of a management company and its board of directors to oversee the development of the project.

RELATED: MAYOR PICKS CEO TO HEAD CBD BOARD 

He said the Maroochydore city centre project was a "game changer" for the region and he wanted to ensure council had "the right model and best people to take it forward".

The company, to be known as SunCentral Maroochydore Pty Ltd, would oversee the design,

construction, marketing and sales in the Maroochydore city centre project.

The council bought the city centre site from the Horton Park Golf Club in 2011 for $42 million.

Council's CEO and the newly elected CEO for SunCentral Maroochydore Pty Ltd, John Knaggs, expected to see a mammoth return on this investment.

"We expect this site to return in the hundreds of millions (of dollars)and create thousands of jobs," Mr Knaggs said.

The five-member board of directors has years of experience to bring to the table.

What's most important for you in a new Maroochydore city centre?

This poll ended on 25 June 2015.

Current Results

New retail shopping and dining experiences

11%

A boost in corporate sector with car parking to match

27%

A push for the arts and new theatre and convention spaces

31%

I don't think we need to build this town centre at all

29%

This is not a scientific poll. The results reflect only the opinions of those who chose to participate.

Other positions he has held include Professor of Economics and Associate Dean at Bond University and Under Treasurer of Queensland Treasury.

Joining him are Michael Kerry, Morgan Parker, Don Boyd and Jude Munro.

Each director will be paid $70,000 a year.

Mr Jamieson expected to see construction begin on the site in June, but said the entire project would take 20 years to unfold.

The company was not expected to be in a position to begin selling blocks of land until next year.

As much as 40% of the 53ha site will be left as open space.

Mr Jamieson said the council had "high expectations of this project" and would be expecting "quality results", but the board was well accustomed to "delivering first-class results".

He said council had taken the step to establish the separate company to ensure it "operated at arm's length from the council and its planning and regulatory responsibilities".

 

The story so far

September 20, 2011: Horton Park golf club votes to accept a $42 million resumption package from council.

February 2014: The council reveals new town plan for the site, including an iconic building more than 25 storeys.

August 2014: Demolition of properties in Aerodrome Rd begins to make way for new CBD.

March 2015: Council announces board and CEO for CBD development company SunCentral Maroochydore Pty Ltd.

June 2015: The golf club is expected to move to its new home at Bli Bli and CBD work can begin in earnest.

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