Planned turf club upgrades could keep millions on coast

Written on the 6 July 2009

Gold Coast Turf Club Chairman Ross Heinrich is confident major infrastructure improvements planned for the Bundall racetrack can keep the Conrad Jupiters Magic Millions on the Gold Coast.

THE decision to relocate the Coast-born and bred event to Brisbane or interstate could ‘doom the event to failure’. A contract for next year’s event is yet to be signed as MM owners Gerry Harvey and John Singleton consider relocation options.

Turf Club officials recently met with Tourism and Racing Minister Peter Lawlor and Queensland Racing chairman Bob Bentley to ascertain direction.

“The signs are all very encouraging and we look forward to being in a position to make some significant infrastructure funding announcements in the not-too-distant future,” says Heinrich.

“One major project literally on the drawing board is a 1200-person function area. The final architectural details are currently being finalised.”

Heinrich labels attempts to shift the event as the ‘sword of Damocles’.

“Harvey and Singleton say our facilities aren’t up to scratch and turn off the serious thoroughbred buyers, while at the same time they’ve invested very little on their
own tin shed saleyards the whole time they’ve owned them,” says Heinrich.

“Beneath their ‘knockabout guy’ exteriors they are both tough, shrewd businessmen who are out for the best deal and we know we need to work with that.

“Magic Millions was created on the Gold Coast to make the most of the surf, sun and unique Christmas-New Year holiday atmosphere and any move will be akin
to moving the Melbourne Cup to Alice Springs.

“Magic Millions is a very strong brand, but it’s also very formulaic and there’s a real risk in playing with it too much.”


Latest News

MANTRA'S SHARE PRICE SURGE INDICATES 'SUITORS ARE CIRCLING' THE HOTEL GROUP

THE rumour mill surrounding a high-level takeover of Mantra Group (ASX: MTR) is in full production with its shares su...

MELBOURNE CBD GEMS SELL FOR $17 MILLION, MARKING A NEW PROPERTY HOTSPOT

LITTLE Lonsdale Street in the heart of Melbourne's CBD has become a favourite for investors in 2017, following th...

WHAT THE COLLAPSE OF ADWORDS MEANS FOR THE FUTURE OF ONLINE MARKETING

IT'S the story that has rocked the world of advertising. The once reliable, seamless, and lucrative Google (NASDA...

BRISBANE VFX PRODUCTION COMPANY CLEANS UP AT MAJOR INTERNATIONAL ADVERTISING AWARDS

AUSTRALIAN production company Alt.vfx has broken records in global advertising, becoming the first business to win...

Related News

RAY OF HOPE FOR SLATER AND GORDON AS LENDERS STEP IN

EMBATTLED law firm Slater and Gordon (ASX: SGH) has announced to the ASX that it has launched confidential discussion...

SPROUTX PROVIDES THE SEED FOR AGTECH STARTUPS

AGTECH innovation fund SproutX has opened applications for its first accelerator round, backed by $10 million from...

GAS PRICES MAY FORCE BRICKWORKS TO TAKE MANUFACTURING OVERSEAS

BRICKWORKS Limited (ASX:BKW) chairman Robert Millner says soaring energy prices may force the company to turn to offs...

CHINA CONTINUES TO COLLECT AUSSIE PROPERTY ASSETS

CHINESE coin continues to dominate Australia's offshore real estate investment market, accounting for almost h...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter