The Queensland government has approved a major development plan for the Dreamworld site, allowing land clearing for resorts, residential apartments, and restaurants.This decision comes after the 2016 Dreamworld accident where four visitors died, prompting significant changes for the theme park operator.Coast Entertainment Group, formerly Ardent Leisure, described the approval as a 'watershed moment' for the company.The masterplan includes creating a mixed-use precinct with tourism facilities, housing, and commercial spaces.The development aims to revitalize the Gold Coast area while addressing safety concerns raised following the 2016 incident.Environmental assessments and community consultations were part of the approval process.

The project represents a significant shift from Dreamworld's previous focus on entertainment to a more diversified approach combining leisure, residential, and commercial sectors.

This decision highlights the government's commitment to economic growth in the region while balancing development with safety and environmental considerations.