Skyline Queenstown attracts international as well as domestic tourists. Photo / File
Skyline Queenstown attracts international as well as domestic tourists. Photo / File
Skyline Queenstown is finalising detail on a project to upgrade the tourism mecca's iconic gondola service in a scheme that chairman Mark Quickfall says will require "north of $100 million" of new investment.
The project reached a significant milestone on Wednesday with an Environment Court decision to grant a resourceconsent for the project, which will install a new "state-of-the-art" gondola system, expand the complex at the top of the gondola, and add a new lower building and a 449-space carpark near the base terminal.
It sits on the outskirts of one of New Zealand's busiest tourist precincts.
Trading on the Unlisted platform, Skyline Queenstown will fund the project from a mixture of cash on its own balance sheet and bank debt.
"This is a fantastic result for the Queenstown community and the New Zealand tourism industry as a whole," general manager Wayne Rose said in a statement.
"This project is vital to ensure we cater to the demand of our visitors, as well as providing a premium facility that Queenstown locals can use and enjoy. It will enable us to step into the future not only as one of NZ's most popular leisure facilities, but as one of the world's top leisure tourism attractions."
The redevelopment of Skyline Queenstown, which includes the gondola, a luge facility, viewing deck and mountain biking tracks, will increase the capacity for gondola passengers at the base terminal and "improve the overall guest experience" with additional services and amenities, the company's statement said.
New 10-seat Doppelmayr cabins will be installed for the gondola, there will be a 650-seat restaurant with a flexible configuration for multiple dining options.
