More Bad News for Hervey Bay
Friday, October 29th, 2010
And the bad news just keeps on coming for Hervey Bay this week.
An administrator has been appointed to control the affairs of the well-known tourist operator – the Fraser Island Company – and hopefully find a buyer. It’s been reported elsewhere that the Fraser Island Company owes creditors over $3 million dollars and those creditors include the Australian Tax Office and the Fraser Coast Regional Council.
Undoubtedly there will be some much smaller local creditors in the mix too and that will further damage the local economy.
The administrator is confident that a buyer will be found for the business but with so many Fraser Island tourists being lost to Rainbow Beach you would have to wonder whether that confidence will be rewarded.
The green 4WD buses of Fraser Island Company were once a common sight around town but I haven’t seen one around for some time and now that looks as though it was a sign of what was to come.

It was almost inevitable in the current economic climate so we should not be surprised by the announcement yesterday that the State Government was putting aside the plans to redevelop the Urangan Boat Harour.

There’s no doubt that times are tough for small businesses in Hervey Bay and we’re more likely to see closures than openings. So it’s pleasing to be able to report that a new business is opening in Hervey Bay today.
