Investors
MRD is looking for Expressions of Interest from suitable investors seeking to participate in Light/State.
Investors may take a shareholding stake in the project as:
a. A private investor
b. An investor and operator with the capability, experience, and commercial track record to take a more active executive stake in the project.
A business plan has been developed for the project that will form the basis of the viability of the project and the potential returns that may be realized.
Federal and state government will likely participate and include funding or grants to help support this project which has such significant benefits for a key regional economy. Any level of government support will help the overall viability of the project.
Eligibility
Interested investors and investor/operators are asked to submit their credentials and supporting documentation, including the quantum and type of the investment that may be considered.
Applicants will be assessed:
- Capability, experience, and ability to help deliver an attraction and similar projects over a number of years
- Experience delivering similar tourism, attractions or entertainment projects
- Investor-operators capable of taking a controlling stake and/or majority of operational delivery
At this point MRD is uncertain of the final commercial structure but it is fair to say that there would be a preference to deal with less investors, operators, and key stakeholders for the ease of the management efficiency and operational delivery.
Process
| EOI Invitation Open | 26 October 2021 |
| Market Briefing Webinar | 9 November 2021 |
| Detailed Proposals Evaluation Complete and Preferred Proponent Announced | Q2 2022 |
| Target Project Opening | Q4 2023 |