New control of Gracemere Saleyards
NEW South Wales company Regional Infrastructure has taken control of the Gracemere Saleyards for the next 30 years in a deal Rockhampton Regional Council Mayor Brad Carter described as a win-win situation for the region.
Councillor Carter announced the new leasing arrangement yesterday, saying council had retained the asset for the region’s future and ensured it would be upgraded.
Cr Carter said Regional Infrastructure were committed to an estimated $14 million improvement program for the facility, and must ensure a minimum of 10 commercial stock sales each quarter.
Regional Infrastructure Director Garry Edwards said the company was extremely excited about the opportunity to redevelop the existing site into a modern efficient livestock processing facility.
“We expect that the improvements made to the facility will increase stock throughput, and that the local vendors, buyers and agents will benefit financially in the immediate and long term from having a state of the art facility in their region,” he said.
Regional Infrastructure have commenced operations of the complex which they have renamed the Central Queensland Livestock Exchange or CQLX.
Cr Carter said ownership of the facility would transfer back to council at the end of the 30 year lease term.
The facility is still available for public use, ensuring established industry, tourism and community events will have continued use of the venue.