Aventuur has secured a final investment from RAC to deliver the state's first wave park, estimated to cost $120 million and on track for a 2027 opening.
A $10 million loan note, with unique user benefits, is being pitched to wave-riding locals as part of the long-awaited Perth Surf Park project's $100 million fundraising effort.
The proponent of the state's first surf park is a step closer to making the venue an Olympic training ground, bolstered by a partnership between Aventuur and Surfing WA.
Our weekly appointments wrap includes Anni Browning, Annie Fogarty, Andrew Ross, Linda Wayman, Ian Horne, Georgina Richter, Steve Chapman, Diana Kubicki, Drew Mayhills, Jo Thomas and Jonathan Phillips.
A development panel has given Aventuur the green light to build the first surf park in Western Australia, with the attraction estimated to cost $100 million.
The environmental watchdog has decided not to assess the $100 million Perth Surf Park project, which is proposed to be built on a 5.7-hectare lot in Jandakot.
US-based surf park business Aventuur is setting up a regional headquarters in Perth as it awaits a decision on whether it will develop and operate the proposed Cockburn surf park.
The McGowan government has brought a sudden end to long-running plans for a $28 million wave park on the Swan River, ironically just one day after the Tourism Council WA complained that the wave park was one of 16 new tourist experiences being held up by government red tape.
A private Perth company led by former oil and gas executive Andrew Ross is close to realising its vision of building artificial wave parks across Australia.
