In 1971, a Japanese syndicate headed by Yohachiro Iwasaki acquired hundreds of thousands of hectares of beachfront land including wetlands in Farnborough to build a resort. The acquisition caused widespread outrage, given that Australian citizens and developers had been refused to buy the land on several occasions prior, and also due to the belief that the deal was corrupted by kickbacks at the Queensland Government level. Anti-Japanese sentiment ran rife including the printing of fake money featuring Mr Iwasaki's caricatured face with a currency value of 4 Grabs, a play on the term "up for grabs". When construction began, the Yeppoon RSL club posted an anti-Japanese display on their lawns. Local discontent reached its climax on 29 November 1980, the day of the Queensland Election, when a bomb was set off at Iwasaki Resort. Two men were charged but acquitted. The project continued regardless. Originally known as the Iwasaki Resort, it later became the Capricorn International Resort. Rydges managed the resort until 2011, when the lease was taken over by Mercure. Closed in 2016, the resort currently only operates one of its two golf courses. A skeleton admin staff are still in place, however all accommodation and resort facilities are unavailable to the public. Looking for redevelopment approval, a draft EIS being prepared by proponent for a: 300-room, five-star resort, including a golf course caravan and recreational vehicle park Wagyu cattle farm - for farm stays, cattle and sheep farming and educational activities residential community of 8000 dwellings and village centre conservation precinct airstrip - for tourism, charter flights and a potential fly-in, fly-out hub refurbishment of the existing 331-room Mercure Capricorn Resort (independent of EIS process). The redevelopment is expected to create 8500 during the construction phase over approximately 20 years and 2160 when operational. Facilities and infrastructure One marked distinction from other regions along the tropical Queensland coast is that the Capricorn Coast community is more focused on quality of lifestyle rather than tourism. The impact of mining aside, the economy and industry of the Capricorn Coast is diverse, ranging from crops, fishing, and grazing to manufacturing and resources. Notably, on the northern fringe of the Capricorn Coast, 454,000 hectares at Shoalwater Bay is managed and utilised by the Australian Army for military training. The Shoalwater Bay Military Training Area (SBMTA) frequently sees deployments of in excess of 30,000 troops, plus annual training exercises with the Singapore Armed