Shipping containers of water slide parts left idle as park plans axed
The Palms development in Far North Queensland has been significantly impacted by the cancellation of its planned water park and resort due to rising costs linked to the Iran war. This has left behind a large clearing and shipping containers filled with water slide parts, raising concerns among local residents about the future of the site. The developer has expressed regret over the situation, stating that despite efforts to salvage the project, it is no longer financially viable.
- ▪The water park and resort component of The Palms development has been scrapped, leading to a halt in construction.
- ▪Rising costs attributed to the Iran war have increased project expenses by $30 million.
- ▪Residents are uncertain about the future of the 20-hectare site, which was once home to a golf course.
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| Original publisher | ABC News (Australia) |
| Canonical URL | https://www.abc.net.au/news/2026-05-23/residents-concerned-future-the-palms-development-far-north-qld/106707000 |
| Publication time | Fri, 22 May 2026 21:01:24 +0000 |
| Retrieval time | 2026-05-22T21:17:02.992Z |
| Last seen | 2026-05-22T21:17:02.992Z |
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Residents concerned about future of The Palms development in Far North QueenslandBy Sharnie Kim and Adam StephenABC Far NorthTopic:Regional Development and PlanningSat 23 May 2026 at 7:01amSat 23 May 2026 at 7:01amSat 23 May 2026 at 7:01amRichard Cheong's home of 31 years backs onto an axed water park and resort development at Kewarra Beach in Cairns. (ABC News: Sharnie Kim)In short:Part of The Palms real estate development in Far North Queensland has stalled due to cost blowouts blamed on the Iran war.A planned water park and resort within the $300 million development has been scrapped, leaving behind a 20-hectare clearing and shipping containers of water slide parts.What's next?Nearby residents are wondering what will happen to the site while the developer is yet to make a…
Excerpt limited to ~120 words for fair-use compliance. The full article is at ABC News (Australia).