Business
7 May, 2025
New operators sought for island
EXPERIENCED tourism operators have just two days to respond to expressions of interest to transform run-down Double Island, off the coast of Palm Cove.
The 16.2ha site was recently converted to state-owned freehold land to allow for the island’s revival, which will create hundreds of jobs and add another tourism drawcard to stimulate the Far North Queensland economy.
The previous leaseholder Fortune Island Holding Company was stripped of its $5.68 million lease in May last year. The island’s resort building and other structures have deteriorated.
International commercial real estate firm CBRE has been given exclusive rights to find a new operator and expressions of interest close on May 9.
Natural Resources and Mines Minister Dale Last said the Crisafulli government was “determined to see Double Island become a vibrant tourism asset to support hundreds of jobs across the Far North once more”.
“With the 2032 Olympic and Paralympic Games around the corner, this is a unique opportunity for a tourism operator who has the vision to transform Double Island into a world class destination once again,” he said.
“We need the right operator with a bold and forward-looking vision to ensure this gem in the Far North’s tourism crown lives up to its full potential.
“Iconic destinations like Double Island should be vibrant tourism hot spots that support quality jobs for locals and the Crisafulli government is delivering just that.”
Member for Barron River and assistant tourism minister Bree James said the expressions of interest would be promoted across Australia.
“Double Island is a local icon and once revitalised it will play an important role in our region’s vital tourism economy,” she said.
“We’re looking for a visionary operator who will transform Double Island for locals and visitors and I can’t wait to see what the future holds for our local island paradise.”
Read More: Palm Cove
