The Star Entertainment Group, which owns the casino at the centre of the new Queen’s Wharf precinct, has applied to reconfigure one of its existing sites in the CBD ahead of a possible sale.
The Star wants to offload the heritage-listed buildings that house the Treasury Hotel and the former Treasury Casino, which closed at midnight on Sunday.
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The company has flagged their possible use in retail and restaurant developments, although there is renewed speculation that Griffith University will put a CBD campus in the former casino building.
The company also owns the nearby Festival car park, which it recently put on the market, and has now asked the state government to allow it to split the other car park it owns under Queens Gardens into two distinct lots. The move would give the company more options for the sale of the Treasury buildings.
The Star is part of the Destination Brisbane Consortium delivering the $4 billion Queen’s Wharf project, due to open from Thursday, and is looking to make some money back.
The company will release its financial results on Friday.
Griffith University has expressed hopes of building a new CBD campus that can cater for 7500 students and 400 staff across courses including business, law and information and communications technology.
The university currently has campuses in Logan, Mount Gravatt, Nathan, South Bank, and the Gold Coast.
Source Agencies
