Chamber president welcomes proposal

President of the Peninsula Chamber of Commerce, Mr Matthew Wales, has welcomed the proposed Tesrol development.

"Although it's early days yet, it is encouraging that companies like Tesrol are prepared to make such a major investment in the Ettalong Beach town centre to the tune of some $28 million.

"This is a landmark development that will set the pace in Ettalong Beach.

"There will no doubt be a lot of healthy debate about this project but that is all good news to the business community.

"The residential component is vital for the Ettalong Beach town centre and reflects the NSW State Governments objectives of reinvigorating retail environments with residential activity," said Mr Wales.

"It is our understanding that the application is accompanied by a detailed economic assessment which supports the development with sound statistical data on job projections and long term investment opportunities. This is a trend that we actively encourage.

"The Chamber believes that the proposal is essential to the ongoing resurgence of Ettalong Beach and will deliver both quality retail floor space and fully serviced apartments that will compliment the new Outrigger Resort".

Mr Wales said that Ettalong Beach was now achieving vital momentum that would ensure the continued revitalisation of the town centre and secure economic prosperity for the area after a period of considerable uncertainty.

"A lot of people have worked very hard to ensure that Ettalong Beach became a successful tourist location.

"Local retailers have hung in there over some pretty dry times and deserve the flow-on benefits that will result from these signature developments," said Mr Wales.

"The Chamber will continue to support good quality retail and residential development especially when real jobs and investment opportunities will be created".

Press release, April 12 Matthew Wales, Peninsula Chamber of Commerce