Clive Palmerâs neglected Coolum Resort in for a $100m revamp Save Share Billionaire former politician Clive Palmer is back in the tourism game after announcing the $100 million redevelopment of his eponymous resort on Queenslandâs Sunshine Coast. Work has already begun and up to 200 workers are expected on site by June at the Palmer Coolum Resort, which is scheduled to reopen in phases in the second half of 2022. Billionaire Clive Palmer has announced he is investing $100 million in his Coolum Resort, which has been closed since 2015. Attila Csaszar Once the most prestigious place to stay on the Sunshine Coast, the former five-star resort was bought by Mr Palmer in 2011 from Lendlease for an undisclosed amount.