The Palaszczuk government will invest $40 million in a plan to expand Queensland’s largest entertainment district in Wellcamp, near Toowoomba.
Wellcamp Entertainment Precinct (WEP) of the Wagner family is a $175 million allowance that includes motorsports, power training and a performing arts venue for 40,000 people.
Prime Minister Annastacia Palaszczuk said the plan aimed to revolutionize the economy of Toowoomba and Darling Downs.
“The Wagner family’s track record of delivering world-class projects in this region is unbeatable,” the Prime Minister said.
“His vision, mind and willingness to succeed have transformed paddocks into a foreign airport and advertising distribution center that, with my government’s, also houses the Qantas Group Pilot Academy.
“Now the Wagners are in a position to bring Wellcamp to a whole new point: a vision supported by the Palaszczuk government. “
Treasurer and Minister of Infrastructure and Planning Cameron Dick asked the federal government to adjust to Queensland’s contribution to making Wellcamp Entertainment Precinct a reality.
“This assignment would help structure 130 jobs and up to 2,500 jobs at primary events,” said the Treasurer.
“The Palaszczuk government is supporting the allocation with 40 million dollars and we are asking the federal government to adjust that amount. “
Wagner Corporation has already committed to investing $95 million on its own at Wellcamp Entertainment Precinct.
Wagner Corporation Chairman John Wagner said: “Wagner’s family circle will invest with the state and federal government in the order of $ 95 million of our assets and budget in this project.
“We looked towards the initial structure early next year to revive the economy after COVID-19. “
“This domain would aim to attract primary occasions to the performing arts, business, tourism, games and occasions sectors, making it the best compatibility with our Darling Downs regional economic recovery plan, which I am releasing today,” said the Treasurer. .
“We recognize that our reaction to COVID-19 is a long-term commitment that will have to be maintained for years, months.
“That is why we are committed to working with the network and business leaders like the Wagners at Darling Downs to continue to seek to create more opportunities for long-term growth. “
“With Wellcamp Entertainment Precinct, those opportunities can grow from complex automotive production to suppliers, restaurants, cafes and many other small businesses. “
The Palaszczuk government has so far announced more than $8 billion in projects for businesses, industry and families in reaction to the COVID-19 pandemic to help keep our economy moving and Queensland’s inhabitants to find jobs.
Community consultation and plan approval will be required before painting begins.
The proposed WEP includes:
Community consultation and plan approval will be required before painting begins.
The assignment has already obtained approval from foreign motorsport organizations.
The president of the International Automobile Federation, Jean Todt, said: “Having visited your country at times, I am aware of the urgent need for more permanent racing facilities. The FIA strongly supports this exciting project. “
Motorsport Australia Chief Executive Officer Eugene Arrocca said: “Motorsport desperately needs more permanent venues in this country, and one like the one provided through Wagner’s family circle will bring enormous social, economic and networking benefits to other people in the country. Darling Downs. And Queensland in general.
“The design of the circuit allows the venue to host foreign sporting events and even world championships. “
As a component of Darling Downs’ regional economic recovery plan, treasurer also announced that Queensland’s Global Agri-Food Innovation Centre (GAFIC) Ltd has been appointed supplier to identify and manage a multimillion-dollar agricultural technology and logistics centre in Toowoomba.
The Palaszczuk government is working with key agricultural generation progression organizations to identify the agtech cluster as a three-year pilot.
“We have $3 million on the table for 3 years as a component of our economic recovery plan for Darling Downs.
Through COVID, we have noticed the strength of our classic industries, such as agriculture and resources, and this investment ensures that the world’s leading agricultural studies will be a component of our long-term for generations to come.
“Everything is fine, the center will be self-sufficient after 3 years, controlled through the industry, for the industry.
Darling Downs Regional Recovery Action Plan initiatives include: