UP TO $3 billion could be spent by Clive Palmer on his Coolum resort, with the mining magnate telling journalists the project would create up to 5000 jobs during construction and 2000 others once it was finished.
However, he declined to detail what would actually be built.
Mr Palmer - who renamed the former Hyatt Regency Coolum to Palmer Coolum Resort - said a decision had not yet been made on what the new-look facilities would include, but said it could hypothetically include a casino aimed at cashed-up international tourists.
"The Sunshine Coast is generally a great place to go," he said.
"But the Queensland and Federal governments have not provided enough infrastructure and that is unlikely to change consideration the current economic climate.
"But it's a good time to buy and a good time to develop."
His comments followed the unveiling of a small plaque to commemorate famed Rugby League legend Arthur Beetson.
For the formal honours, Mr Palmer was joined by Queensland State of Origin stars Sam Thaiday, Johnathan Thurston and Justin Hodges, who were currently training on resort grounds.
During the conference, Mr Palmer took aim at the Federal Government, spruiked his plan to replicate the Titanic and told of his goal to lose weight.
More on this in tomorrow's Sunshine Coast Daily