Clock ticking on funding for V8 Supercars

23 Oct 2015 10:20 AMJann Stuckey

Shadow Minister for Tourism and Major Events Jann Stuckey has called on the Palaszczuk Government to commit to future funding for the V8 Supercars and to provide certainty for the Gold Coast’s tourism industry.

Ms Stuckey said without a firm commitment from Labor concerns would be aired regarding this popular event’s future.

“V8 Supercars on the Gold Coast is the biggest event on the Queensland Tourism and Events calendar,” she said.

“This weekend’s racing carnival marks 12 months until the current deal expires, and with the countdown to the 2018 Commonwealth Games well underway a decision must be made soon.

“Next year is the 25th anniversary of the iconic Gold Coast event, so it would be devastating for fans if this were the last year they were able to see their beloved race cars roar around the track.”

The former LNP Government secured all three V8 Supercar events for a further three years as part of a deal to see the continuation of the Gold Coast 600, Townsville 400 and Ipswich 360 until 2016.

“We negotiated a favourable outcome for all parties with this three event package that gave V8 Supercars confidence to improve and grow these festivals,” Ms Stuckey said.

“Together with organisers, we worked strategically to revamp a package of community events around the races and to deliver better benchmarks.

“Our investment into the V8 Supercars focussed on measurable event outcomes that would attract more visitors to the State and provide a real boost to our economy and our community.

“Minister Jones made a song and dance about losing V8 funding. Now she has a chance to announce its future.”

[ENDS] 23 October 2015