A $250 million marina development on the edge of the Great Barrier Reef has gone into liquidation, owing millions of dollars to creditors and leaving buyers in limbo.
The Gateway Marina was expected to transform Bundaberg’s coastal suburb of Burnett Heads, four and a half hours north of Brisbane, into a Whitsundays lookalike.
There had been mixed reactions in the community about the project, which has council approvals for a 318-berth marina, luxury waterfront apartments, a yacht club and retail…
