Plans for a huge new car dealership precinct near Brisbane have been put on hold.
Unveiled in 2015, the Auto Mall dealership precinct is set to feature a 2.4km test track designed by V8 Supercars legend Mark Skaife, conference space and viewing decks are also planned.
Brisbane Airport Corporation and AP Eagers – Australia’s largest dealership group, which had planned to lease part of the precinct dealership space – this week issued a joint statement explaining why the plan was withdrawn.
“Brisbane Airport Corporation and Eagers Automotive have worked closely together on the development of a multi-use automotive retail and experience precinct at Brisbane Airport,” the pair said.
“A joint decision has been made not to proceed with the Auto Mall project at Brisbane Airport.
“This decision has been driven by a number of factors, including the performance track economy in a changing world.
“Both parties remain open to exploring future opportunities at Brisbane Airport.”
It’s unclear exactly how much has been spent developing the precinct since 2015, or what will replace it.
“Brisbane Airport Corporation is committed to continuing to develop a multi-use precinct that can be enjoyed by local residents and visitors for years to come,” said Martin Ryan, executive general manager of commercial at Brisbane Airport Corporation.
“This site is three times the size of South Bank Parklands, so it’s important that we take the time to plan this area properly.”