Invest Gold Coast Pty Ltd - Strategic Property Acquisition Opportunity

It is recommended that Council resolves as follows: 1 That the report/attachments be deemed confidential and be treated as such in accordance with sections 171 and 200 of the Local Government Act 2009 and that the report/attachments remain confidential unless the Chief Executive Officer decides otherwise. 2 That Council notes the findings and recommendations of the Invest Gold Coast Pty Ltd Strategic Property Acquisition Opportunity report. 3 That Council notes that any further investigations will include, and be subject to, a formal due diligence assessment considering any regulatory and statutory obligations. 4 That Council notes that any further investigations or due diligence assessment by Invest Gold Coast Pty Ltd be funded from the 2026-27 Invest Gold Coast Pty Ltd's base funding allocations. 5 That Council notes that there is no budget provision in the 2026-27 budget for the potential strategic property acquisition opportunity reported in the Invest Gold Coast Pty Ltd Strategic Property Acquisition Opportunity report. 6 That Council notes that Invest Gold Coast Pty Ltd will return to Council with a report and recommendation to inform a final investment decision. That Committee Recommendation ETE26.0716.006 be adopted as follows: It is recommended that Council resolves as follows: 1 That the report/attachments be deemed confidential and be treated as such in accordance with sections 171 and 200 of the Local Government Act 2009 and that the report/attachments remain confidential unless the Chief Executive Officer decides otherwise. 2 That Council notes the contents of the 2026 State of the Games report and progress achieved in 2025-26. 3 That Council notes the significance of the next 12–24 months in establishing greater certainty regarding the City’s scope, role, service levels and cost profile as a co-host city. 4 That Council notes a workshop will be held following confirmation of the sport program to provide Councillors with an updated understanding of: a the emerging scope of the City’s Games responsibilities and service requirements. b the evolving financial profile, including operating and capital considerations. c the pipeline and prioritisation of legacy-aligned projects, key risks, dependencies and decision points.

For: Cr Shelley Curtis, Cr Mark Hammel, Cr Bob La Castra, Cr Gail O'Neill, Cr Brooke Patterson, Mayor Tom Tate, Cr Darren Taylor, Cr Glenn Tozer, Cr Joe Wilkinson, Cr Peter Young

Against: Cr Dan Doran, Cr Naomi Fowler, Cr Donna Gates, Cr Nick Marshall, Cr Josh Martin