Infinity Planet's $145M Engineering Debt Halts Project

0:00It's April 13. From your city to your ears, this is Sydney News today, powered by AI. A massive $2.6 billion tourist spot called Infinity Planet is hitting roadblocks north of Brisbane. This 68-hectare dream between the city and the Sunshine Coast includes a theme park, water park, fancy hotel, and even a 9,000-seat arena. But the developer, RHC City, faces court over an unpaid bill to engineers. $145,112 for a key report needed for approvals. The trouble started when RHC's sister company, QSA She, hired RMA Engineering last year. Invoices went out on October, and despite promises, nothing's been paid. The firm blames the lays on fund transfers from the Middle East, tied to the Iran conflict and other investments there. Common Amadi, the Iranian-born CEO behind big projects like Omega Mall in Tehran, has been pushing this through Morton Bay Council since November.

1:03Locals and officials are watching close because without that report, the whole application stalls, forcing a redo with new engineers and more delays. RMA held back the work after repeated broken deadlines, even turning down a partial $80,000 payment offer. Doctors fed up after granting extensions, leading straight to legal action. Things heated up with winding up proceedings in Brisbane Supreme Court, but last minute talks pushed the hearing back a week. RHC, insiders say, political chaos in the region slowed their cash flow, but they're scrambling to settle now that the project's at a tipping point. Developers stay bullish, swearing this snack clears up soon so Infinity Planet can roll forward, delivering that global harmony vibe they promised down. RHC, insiders say, political chaos in the region slowed their cash flow, but last minute talks pushed the hearing back a week.