Big boost for Queensland motorsport
New racetrack forms key part of world-class entertainment precinct proposed for Toowoomba.
A major new motorsport facility is a key component of a world-class entertainment precinct proposed for Toowoomba.
The Wellcamp Entertainment Precinct (WEP) near Toowoomba is being championed by the Wagner family’s Wagner Corporation, which has already developed the nearby international airport and trade distribution centre.
Wagner Corporation Chairman John Wagner said the company was investing $95 million into the precinct with a further $40 million pledged by the State Government.
“The Wagner family will invest with the State and Federal governments support in the order of $95 million of our assets and funds into this project,” Mr Wagner said.
“We are keen to start construction early next year to help kick-start the economy post COVID-19,” Mr Wagner said.
The proposed $175 million precinct includes a world-class facility catering for all levels of motorsport; road safety training and driver education facilities; research and innovation partnerships with universities and industry partners; a 40,000-person venue for music festivals and major events; business tourism and event facilities; and 5000 person on-site accommodation.
A statement from Motorsport Australia, formerly known as the Federation of Australian Motorsport, described the initiative as a major boost for motorsport in Queensland with the new facility able to cater for all levels of motorsport, from grassroots racing to the Supercars Championship.
Motorsport Australia CEO Eugene Arocca said it was a significant moment for the sport.
“Motorsport desperately needs more permanent venues in this country, and one such as that planned by the Wagner family will bring enormous social, economic and community benefits to the people of the Darling Downs and Queensland in general,” Mr Arocca said.
“The circuit design has the potential for the venue to host international and even world championship motorsport events, something sorely needed in this region."
President of motorsport’s international governing body FIA, Jean Todt, supported the facility, which will be named the Will Power Centre for Motorsport and Driver Training Excellence in honour of Toowoomba’s most prolific motorsport export.
“Having visited your country (Australia) on many occasions, I am aware that there is an urgent need for more permanent motor racing facilities,” Mr Todt said.
“The FIA is strongly supportive of this exciting project.”