Massive new investment in Queensland racing industry: Magic Millions redevelopment first cab off the rank
Source: Queensland. Treasurer and Minister for Employment and Economic Development. Media Release
"The Bligh Government will help ‘usher in a new era’ for the racing industry, with a funding package of more than $80 million over four years to redevelop key facilities across the state.
Treasurer Andrew Fraser said the funding package, sourced from the redirection of half of the revenue gained from wagering taxes, will help revitalise an industry that has been estimated to directly and indirectly employ 43,000 people across the state."