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EOI Update

 

Racing Queensland (RQ) is a step closer to determining a shortlist for land for up to two new or repurposed venues each for greyhound and harness racing to the south and west of Brisbane.

 

RQ launched the Expression of Interest (EOI) process in June to identify suitable sites resulting in more than 40 submissions for greyhound and harness racing facilities.

 

Assessors have now examined all site options in detail and have established a shortlist for recommendation to RQ’s board. The shortlisted sites will then be subjected to more in-depth examination in conjunction with a negotiation process to contract the selected sites, expected by late October this year.

 

Among other things, RQ is seeking:

 

  •              A preferable land size of 10 to 12 hectares for greyhound and 15 to 20 for harness
  •              Relatively flat topography with access to water – river, creek, dam or bore
  •              Access to arterials/major roads
  •              Appropriate Council zoning or likelihood of being rezoned
  •              Racing aligned development such as clubs, functions, veterinary services etc.
  •              Ability to provide non-racing development / income

 

 

The EOI process follows independent research, including consultation with industry stakeholders, that found strong support for new or repurposed facilities for greyhound and harness facilities. Demographic and economic analysis revealed the best locations for the growth of both codes are to the west and south of Brisbane.

 

The Racing Infrastructure Fund (RIF) associated with the UBET deed entered into in 2014, provides infrastructure funding that is meant to last 30 years however the identified needs far exceed the funding available. This highlights the obligation to create recurring non-racing revenue and capitalise on development opportunities to generate additional revenue for RQ and clubs to benefit all of the Queensland racing industry. The Albion Park site has the potential to generate significant and enduring value for the whole industry – some estimates suggest up to $250 million. 

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