General
Clive Palmer’s Coolum Resort offers settlement deal after long-running dispute with villa investors
Villa owners caught up in a long-running legal dispute with Clive Palmer’s Coolum Resort on Queensland’s Sunshine Coast are divided over a recent settlement offer from the billionaire.
Key points:
- Clive Palmer has agreed to a settlement of more than $20 million to end the dispute
- But some villa owners may opt out of the settlement before the December 14 deadline
- Mr Palmer bought the resort in 2011, after which point owners argue they were locked out
“I’m torn between both directions,” said retired Melbourne businessman Peter Sheppard, who bought into the resort when it was being developed in the late 1980s.
“Part of me wants to stay in there and sock it out and then I have my wife and children saying: ‘Dad, for goodness sake you’ve done too…
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