The developer behind the proposed Eden Marina and Eden Resort Hotel at Cattle Bay has released key findings from an economic benefits report which puts the value of capital works at almost triple that of the Eden Breakwater Wharf Extension project.
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According to the GHD report – which was prepared for and delivered to the NSW government as part of the developer’s pitch for a taxpayer-funded wave attenuator to be located at Cattle Bay – the local employment impact would be 150 direct and indirect jobs per year in the first four years of the project.
Continuing employment across the development, which comprises a 154-berth marina, 250-room 4.5 star resort hotel, conference centre, restaurant and residential development, was calculated to be almost 100 direct and indirect jobs.
“In addition, the capital expenditure of the complete Cattle Bay project, comprising marina complex plus hotel and residential development, is $127.9million,” the report stated.
“This is a $127.9million major regional development, which will create a significant number of local jobs both during the construction phase as well the operational phase.
“Once fully operational, the collective turnover of the hotel alone is predicated to be $23million annually.
“To put the Cattle Bay development into perspective, the capital works at Cattle Bay are almost triple the value of the cruise ship wharf extension,” the report stated.
The GHD report has been handed to Minister for Transport and Infrastructure and Bega MP Andrew Constance as well as government officials from the Department of Industry-Lands.
Project spokesman Bob Carter said Eden Resort Hotel would become a destination in its own right while the marina would be the focal point for various charter boat and tour operators offering game fishing, whale watching, dive and parasailing experiences.
Mr Carter said a vibrant and robust development at Cattle Bay was “entirely complementary” to the Eden Breakwater Wharf Extension project to facilitate the berthing of larger cruise ships in the Port of Eden; dredging for that project is imminent.
The project would proceed once government-funding for the wave attenuator was secured and legal action in the Land and Environment Court was finalised, he said.
The government has already pledged $10million for a wave attenuator in Snug Cove as part of its safe harbour policy.
