Queensland Government commits $31.5 million to Gold Coast Turf Club redevelopment

The Queensland Government has announced a $31.5 million commitment to the $38 million Gold Coast Turf Club redevelopment with the project to include an all-weather synthetic track, a full refurbishment of the racing surfaces, lights and the development of a tunnel.

$1.5 million has already been provided for feasibility and design work and the Gold Coast Turf Club is contributing $5 million, while the remaining $31.5 million will come from the industry-funded Racing Infrastructure Fund, financed from the exclusive wagering license fee paid to the State and allocated to approved projects.

Queensland Racing Minister Stirling Hinchliffe advised “the Gold Coast is one of Queensland’s most magnificent tourism drawcards and the turf club is already home to the internationally renowned Magic Millions Carnival, including the January yearling sale and its race day.

“Now it needs a turf club to match, which is exactly what a re-elected Palaszczuk Government will be able to deliver.”

Gold Coast Turf Club Chair, Brett Cook said the announcement was fantastic news for the Club adding “It’s something we have been trying to see accomplished for more than ten years.

“This will be a massive boost not just for the Club, but for tourism, jobs and the local economy.

“We couldn’t be happier as a Club to see the project progressing.”

Image courtesy of Gold Coast Turf Club