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    Secret business plan next to Gold Coast Turf Club revealed


    Secret business plan next to Gold Coast Turf Club revealed


    A HUSH-HUSH deal that could see the Gold Coast Turf Club at Bundall
    become home to hundreds of people is simmering.

    The word from the horse’s mouth is that it involves a billionaire and a go-getting
    younger developer.

    The big-money man is Honkers billionaire Tony Fung, whose Aquis group
    is the club’s naming-rights sponsor.

    The developer is George Mastrocostas, who owns the two-year-old Aniko

    Work quietly has been under way at the club for some time on a project
    that’s been cantering along as Sunlight – the name on the saddlecloth of the
    Aquis horse that won last year’s Magic Millions two-year-old classic.

    It’s believed that off to the side a heads of agreement has been drawn up
    between Aquis and Aniko, who apparently have been working for several
    months to come up with a viable development scheme.

    If everything goes smoothly, mid-rise buildings housing 300 or more
    apartments could sprout beside the track.

    A hotel might also be part of the mix.

    Excerpt only. Continue reading at NT News

    Originally published by NT News
    Article by Quentin Tod, November 18, 2019

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