THE $60 million Mary Valley quarter horse race track and equine facility is not dead in the water, despite a flood study of the proposed site presenting some challenges, developers said yesterday.
THE State Government has agreed to lease and sell 1480ha of the former cattle property Bollier Park, on Tuchekoi Rd, near Imbil to Australian Quarter Horse Racing Development Ltd.
The AQHRD plans to establish a seven-day-a-week quarter horse training and stabling facility on the land, as well as an international standard quarter horse racing track, centre of excellence, world-class multi-function venue and seven-day-a-week gaming venue, creating about 150 jobs during construction and another 140 to run the facility.
AQHRD managing director Allan Murnane said yesterday there were some challenges with the site but that his company and the government were trying to find solutions to those problems.
"The bottom line is that we have been doing due diligence studies on the Mary Valley and we met with the Government two days ago and basically said to them we are finding that the site is quite challenging and so we are just thinking this through and trying to work out how to progress this whole thing," Mr Murnane said.
Minister for State Development and Natural Resources and Mines Dr Anthony Lynham said AQHRD "currently holds conditional agreements to lease and purchase 1480ha of land in the Mary Valley for racing and breeding facilities, a hotel, stables, restaurant, equestrian school and an associated acreage residential development".
"The original agreements were made under the previous LNP government in late 2014," Dr Lynham said.
"They are conditional on the proponent providing evidence that the project is viable and commercially feasible.
The Department of State Development continues to work with AQHRD, which has until later this year to submit to government their full proposal for the first quarter horse racetrack in Australia."