email from TAFE's Ridgeway Campus

I received this email from the Acting CEO Gold Coast Institute of TAFE.

Proposed redevelopment of Gold Coast Institute of TAFE's Ridgeway Campus

Dear Resident,
As promised at the Gold Coast Institute of TAFE (GCIT) Community Forum on
3 February 2010, we would like to keep you updated on the status of the proposed Ridgeway Avenue Campus redevelopment.

I wish to advise, it has now been confirmed by Queensland Accommodation Company (QAC) that the development proposed for the site will not be proceeding.
According to QAC representative Alan Mayer, negotiations with Gold Coast City Council (GCCC) indicated the project would only proceed based on the recommendation that the capacity of the student accommodation facility be reduced from a maximum of 600 rooms with 1200 students to 300 rooms with 300 students.

On this basis, the project was deemed unviable for the developer, and GCIT has since received notice from QAC that they are unable to proceed with the project.
I would like to take this opportunity to reiterate GCIT’s consistent view that that project needed to adhere to GCCC’s planning and development requirements.
Moving forward GCIT plans to continue working pro-actively with the local community in keeping you all informed of our future plans for the site as an educational facility.

We acknowledge the Ridgeway Avenue campus is in need of an upgrade, and hope to engage with our students, residents, industry partners and GCCC in determining the best options for the site.