PORT Lincoln is set to see some big investment in property development in the next few years with at least four major projects planned for the city and surrounding areas expected to be worth hundreds of millions of dollars.
Four local urban development projects, with an estimated combined value of $750 million, have been listed in a showcase of major South Australian developments launched by Premier Jay Weatherill this week.
The local projects listed in the state government's 2012/13 Major Development Directory - Sleaford Cove, the Lincoln Cove Marina expansion (South Lakes and Parnkalla Waters), the Marina Central redevelopment and Lukin Quays - are all in various stages of planning and will result in hundreds of millions of dollars of investment in the region over the next 5 to 15 years.
Developer Dean Lukin junior said the directory showed Port Lincoln was ahead of other regional areas "by a country mile" when it came to investment in major development and should provide a confidence boost for the community.
His family's proposed development - The Lukin Quays - is proposed on the former BHP land adjacent to the Lincoln Cove Marina and will be worth an estimated $575 million over the life of the project.
The land is being rezoned for industrial and residential use, with the longer-term vision for the site including a world-class golf course, tourist accommodation and shopping centre.
Mr Lukin, who attended the launch of the directory, is working closely with the Sarin Group on its marina projects to ensure the best outcome for Port Lincoln and the viability of the projects.
The expansion of the existing Lincoln Cove Marina (known as South Lakes and Parnkalla Waters) is part of the Sarin Group's vision for the next stage of this part of Port Lincoln.
The cutting of Marina Drive will allow for new 'deep water' allotments in the South Lakes area, while Parnkalla Waters will offer lakeside living for the first time in Port Lincoln. The project is in the final stage of environmental approvals.
The redevelopment of the Marina Central area, the current location of the Marina Hotel and the leisure centre, is also proposed by the Sarin Group, with the necessary rezoning and master-planning likely to get underway during 2013.
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The objective of the project is to rejuvenate the existing area, make better use of the marina frontage and encourage a focus on tourism, accommodation and services.
The fourth development project is proposed about 20 kilometres south of Port Lincoln at Sleaford Cove by local real estate developer Ron Forster.
It is currently under consideration by the Lower Eyre Peninsula District Council, with hopes the first houses will be built during 2015.
The Sleaford Cove project has been undergoing careful planning for more than five years and the final concept includes tourism and residential components.
The development will be entirely energy and water self-sufficient and provide a coastal living experience adjacent Sleaford Bay and the Lincoln National Park.
The Major Development Directory also included a number of other projects on Eyre Peninsula including mining and infrastructure projects worth hundreds of millions of dollars, such as Centrex's Port Spencer major development.
The directory contains more than 300 projects across the state worth an estimated $94 billion and is available at www.dmitre.sa.gov.au/mdd