RACING QUEENSLAND’S $1.5M FLOOD RESCUE PACKAGE

Written on the 14 January 2011

RACING QUEENSLAND’S $1.5M FLOOD RESCUE PACKAGE

AS the State Government continues massive flood relief operations in Central Queensland, Racing Queensland Limited (RQL) has pledged a $1.55 million rescue package to keep the regional racing industry afloat.

RQL chairman Bob Bentley today announced two tiers of flood relief funding; a $1 million facility remediation fund for racing and training infrastructure; and a $550,000 licensee relief and relocation package that allocates benefits of up to $7500 for trainers and jockey’s.

Rockhampton’s Callaghan Park will remain almost completely underwater for up to two weeks and is expected to receive the bulk of the funding.

“The racing industry in Rockhampton is facing one of its darkest hours with floodwaters engulfing Callaghan Park and placing significant uncertainty around the short term future of racing in Central Queensland,” says Bentley.

“This is a real blow as the new Rockhampton track was fast gaining recognition as a premium racing facility able to cope with major rainfall events while still providing an optimum racing surface.

“Today’s announcement is aimed at providing access to critical funds for those licensee groups unable to ply their trade due to the closure of Callaghan Park for training and racing. RQL is determined that it gives the necessary support to Central Queensland to allow racing to return to normal as soon as the crisis passes.”

To date Warwick, Rockhampton, Bundaberg and Capalaba have lodged issues of importance with RQL. Bentley confirmed Warwick has been identified as urgent because of the number of licensees that rely on the facility for training.

RQL’s contribution comes just weeks after the peak industry body committed $49 million to its latest asset, The Gold Coast Turf Club.

The spending is to upgrade the racing and training facilities at the Gold Coast to a metropolitan standard as part of RQL’s Industry Infrastructure Plan.

Bob Bentley says the entire multi-million dollar plan is about using existing industry venues more strategically, creating new multi-use facilities and modernising racing operations.

“This is an important time for the Gold Coast and the racing industry as a whole. Should this Industry Infrastructure Plan be implemented it would provide the single biggest capital injection into the Queensland racing industry,” he says.


Latest News

SURFSTITCH DOWNGRADES EARNINGS AS SHARES PLUNGE 25 PER CENT IN A DAY

TROUBLED online sports clothing retailer SurfStitch is considering selling off more of its assets and will close i...

GOLD COAST AIRPORT RECORDS STRONGEST PERIOD IN HISTORY

The Gold Coast Airport recorded its strongest April in history for passenger numbers, supported by a growing numbe...

THE TRAVEL STARTUP THAT EVICTED THE HOUSE-SITTER

YOU'VE used Expedia to book the flights, AirBnB to find accommodation, and Uber to get around in the new city and...

MELBOURNE'S $200M RIALTO PROJECT NEARS COMPLETION AFTER 10 YEARS OF PLANNNG

IT'S BEEN 10 years in the planning and had at least 10 different architects and has involved the acquisition o...

Related News

SURFSTITCH DOWNGRADES EARNINGS AS SHARES PLUNGE 25 PER CENT IN A DAY

TROUBLED online sports clothing retailer SurfStitch is considering selling off more of its assets and will close i...

AUSCANN RESUMES TRADE AFTER $12 MILLION CAPITAL RAISING

IT'S BEEN a big few days for medical cannabis manufacturer AusCann (ASX: AC8), as the company emerged from a trad...

APN AND oOh!media MERGER CALLED OFF, CEO 'AMAZED' AT ACCC'S DECISION

THE PROPOSED $1.6 billion merger between Australia's two largest advertising groups, APN (ASX: APO) and oOh!me...

ANALYSTS FORECAST A GRIM CHOICE FOR OROTON: SELL UP OR QUIT THE ASX

FOLLOWING a warning to the market and a subsequent trading halt earlier in the week which has shaved more than $11...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter