The Queensland Premier supports a proposal to redevelop the South Brisbane Parmalat factory site, where two former Olympians have bought the land with plans for a large-scale waterfront transformation. Across reporting by multiple outlets, the development is described as involving new towers and hundreds of venues as part of a broader change to the area. The proposal centres on turning the former industrial site into a mixed-use precinct, though details of the specific venue types, the number or height of towers, and the timeline for development are not provided in the excerpts supplied. The Premier’s backing signals political support for the redevelopment approach and its potential to reshape the waterfront precinct. The reports consistently state that the buyers are former Olympians and that they are behind the redevelopment plans for the Parmalat factory site in South Brisbane. Overall, the coverage focuses on the endorsement and the scale of the intended project, framing it as a significant urban renewal initiative for the waterfront.