By ERWIN CHLANDA
The old Melanka site, proposed for an eight-story residential, hotel and commercial complex, is for sale again.
Paul Masters, a spokesman for the Ainsworth family group, said a year ago the $100m project was fully funded and ready to go early this year.
The eight story height had been a continuing controversy in the town but the project was seen as a turn-around for a flagging economy.
The real estate agency L J Hookers has just announced that the approved complex of 13,600 square metres with four street frontages is on the market again.
It is zoned Tourist Commercial – Exceptional Development Permit, a mixed use comprising of 261 multiple dwellings / serviced apartments / hotel rooms, commercial uses, including shops, offices, restaurants and bars, in three eight-story buildings and a single storey child care centre.