Essentially yes, JM Kelly Group going broke took away the driving force behind the original bid. I am still surprised a new bid hasn’t popped up to be honest, especially with V’landys in charge.
I am from CQ and still lived there during the bid’s run, it was the talk of the town for years. I definitely wouldn’t rule out another bid starting, be it from another “cashed up” individual/group, the Capras or a combination of both behind it.
Do I think a CQ NRL team would work? It probably would survive, existing on a 10-15k crowd average and being bottom half of the table more often than not. It isn’t a priority for expansion though. The original bid’s sound bite was to fill the gap between NQ and SEQ with a team but that “gap” doesn’t have enough people in it unfortunately.