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Townsville V8 Supercars secured for another 5 years

Townsville V8 Supercars Secured

Townsville V8 Supercars have been secured for the next five years at its Reid Park home after Tourism and Events Queensland inked the new deal with Supercars today.

After months of negotiations, the Tourism Industry Development Minister Kate Jones announced the five-year deal has been struck between Tourism and Events Queensland and Supercars.

This is the first time the Supercars deal will go for five years, instead of the usual three.

Last year, the Supercars event poured $36 million into the North Queensland economy.

The Townsville 400 has been held since 2009, after a funding commitment from both the state and federal governments.

The previous three-year Supercars deal for Townsville ran out in July.

Ms Jones said the five-year deal secured the future of both the Townsville 400 and the Gold Coast 600.

“Major events support local jobs – this deal gives locals certainty that they can rely on the revenue these events provide in the future,” she said.

What is the economic benefits of the Townsville V8 Supercars?

“Both races pump tens of millions of dollars into the economy. We’ve committed to working with Supercars to grow these events in the future to attract more tourists who stay longer in Queensland.”

According to council data, the Townsville 400 is one of Townsville’s and Queensland’s signature events, attracting about 128,000 attendees this year.

Mayor Jenny Hill said “It’s a drawcard that brings people to our city for the first time, and many of those travellers become return visitors.

“With many businesses still doing it tough after the unprecedented monsoon earlier this year, the future of the event will provide a much-needed economic boost for the city,” Ms Hill said.

Supercars CEO Sean Seamer said securing the long-term future was great news for the Gold Coast and Townsville as signature events in their regions.

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“It is fantastic for our fans that Minister Jones, TEQ and the Queensland Government continue to support these two hallmark Queensland events,” Mr Seamer said.

“The Gold Coast is a favourite of our fans and our teams as one of the longest-running and most successful major events in Australia, as is Townsville in North Queensland.

“We must also thank the Gold Coast and Townsville councils who continue to support these two iconic events for their cities.”

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Aaron M, Editior
Aaron is the founder and editor of TREN eMagazine with 15 years experience in the real estate industry investing and helping investors seek value, leverage value and capitalise on value, developing professional and technical skills and capabilities that have enabled his success in business from startups, adoption, asset growth, management and community leadership projects. Aaron also loves travelling, sports, his partner Jodie and helping people discover their "why" and find their few "what's" in life that realise the "wows. The " www" in www.townsvillerealestatenews.com.au is one of his why, what and wow's that strive to add valuable content and analysis for readers to participate and win.
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