Planned turf club upgrades could keep millions on coast

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.”

Get our daily business news

Sign up to our free email news updates.

Please tick to verify that you are not a robot

 

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

Australian Millennial managers look to offshoring to solve global talent shortage problem
Partner Content
New research reveals that more than half of Australia’s next-gen leaders are cons...
Cloudstaff
Advertisement

Related Stories

Bond University reboots development plans with bid for student accommodation towers

Bond University reboots development plans with bid for student accommodation towers

The housing shortage on the Gold Coast has led Bond University to r...

Meriton guest database "not compromised" in data hack

Meriton guest database "not compromised" in data hack

Billionaire Harry Triguboff's hotel and property empire Meriton...

Sydney startup Vow Food creates the world’s first lab-grown meat made from extinct mammoth

Sydney startup Vow Food creates the world’s first lab-grown meat made from extinct mammoth

The creation of a mammoth meatball has triggered global discussion ...

Healius takes ‘misleading’ Australian Clinical Labs proposal to Takeovers Panel

Healius takes ‘misleading’ Australian Clinical Labs proposal to Takeovers Panel

The conditions of a $1.58 billion bid from Australian Clinical Labs...