Peter has already spoken with the local first nations people, who are interested in retaining much of the infrastructure and doing something along the lines of tourism, as was done on nearby Cockatoo Island by Alan Bond in the 1980s.
And yes, the port facilities can handle large passenger ships as was the case when her Majesty Queen Elizabeth 2nd came on HMS Britannia to visit Koolan Island.
The airstrip is already earmarked to stay as it is considered of strategic importance.
Koolan Island is regarded as a Fisherman's paradise, along with breathtaking scenery that has been the subject of a recent photography exhibition.
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