COUNCIL hopes that a water park, camping or glamping facilities can be built at the old Primary Industries Department site at Macarthur Street, Alexandra Hills.
It has launched an expression of interest process and proposes to protect remnant vegetation.
Council bought the 6.69 hectares site last year after years of negotiations with the state government. It is zoned conservation with about half the land already cleared.
Mayor Karen Williams said the process would look to generate community and economic benefits while complementing the site's environmental character.
"This is a beautiful property that has important environmental character as well as great potential for tourism uses," Cr Williams said.
"Council will be looking for submissions that support the site's current natural appeal while also delivering benefits to the city such as nature based tourism, camping or glamping."
Cr Williams said council would encourage submissions that also delivered community infrastructure that could be used by the broader community, like a water park and recreational trails connecting nearby recreational areas.
"This property is surrounded by some amazing walking and riding trails and council will welcome any submissions that help to extend those trails, as well as delivering other recreational uses such as water parks," Cr Williams said.
Division 7's Murray Elliott said the process was an exciting step in opening up the property for community use.
"Council has had its eye on this property for the community for a number of years, so it's exciting that we can now start looking at what it can be used for and what it can deliver for the city," Cr Elliott said
"Council's City Plan supports uses such as short-term nature-based tourism that celebrate the property's local ecosystem, while allowing tourists to experience a naturally wonderful visit to Redlands Coast."
Cr Williams has previously said the site contained high value bushland and high value rehabilitation koala habitat.
