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    Coat of ArmsMedia Release
    JOINT STATEMENT
    Premier and Minister for Reconstruction
    The Honourable Anna Bligh
    Agriculture, Food and Regional Economies
    The Honourable Tim Mulherin

    Agreement on $35.4 million upgrade to Gold Coast Turf Club

    JOINT STATEMENT

    Premier and Minister for Reconstruction
    The Honourable Anna Bligh

    Agriculture, Food and Regional Economies
    The Honourable Tim Mulherin

    Wednesday, January 11, 2012

    Agreement on $35.4 million upgrade to Gold Coast Turf Club

    Gold Coast Turf Club and Racing Queensland Limited have signed an historic agreement to spend $35.4 million on upgrades to the Gold Coast Turf Club.

    Premier Anna Bligh saidshe waspleased that the Gold Coast Turf Club and Racing Queensland had come to an agreement on the investment so works couldcommence as soon as possible.

    “This announcement secures the future of thoroughbred racing on the Gold Coast including the Magic Millions Carnival.

    “I can also confirm that Racing Queensland will not be seeking any equity sharing arrangement in the redevelopment and this has resolved one of the major sticking points that has delayed agreement on this project.

    “Works are expected to begin in August 2012 and will initially focus on the redevelopment of the Member's facilities, the installation of an all weather synthetic track and an upgrade of existing training tracks.

    “This will be followed by the redevelopment of the course proper in July 2013 which will be completely resurfaced and a new drainage system installed to ensure racing on the Gold Coast can continue year-round, no matter the weather.

    “This project is staged to ensure no disruption to day-to-day training and major events such as the Prime Minister’s Cup and future Magic Millions carnivals.

    “Without first class facilities for industry participants, and punters alike, the Queensland racing industry will struggle to attract the wagering dollar when there is so much competition for that dollar in this day and age,” she said.

    Racing Minister Tim Mulherin, who toldGold Coast racing fraternity of the dealwhile officially opening the 2012 Magic Millions last night (Tuesday, Jan 10),said the $35.4 million upgrade formed part of the record $110 million Racing Industry Capital Development Scheme committed by the Bligh Labor Government to the Queensland racing industry.

    “The injection of significant capital expenditure on racing infrastructure is contingent upon Racing Queensland and individual clubs coming to an agreement on how those funds will be spent,” he said.

    “The investment of over $110 million in vital infrastructure upgrades by the Bligh Government will ensure we have a world class product well into the future.”

    Media Contact: 32396530