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Funding Approved For Murray Bridge Redevelopment

The South Australian Government has pledged a $5 million loan to complete the long-awaited Murray Bridge Racecourse redevelopment.

Funding Approved For Murray Bridge Redevelopment

The South Australian Government has pledged a $5 million loan to complete the long-awaited Murray Bridge Racecourse redevelopment.

The loan announced by Minister for Racing Leon Bignell is the final piece of the $20 million required to complete the project, with the Commonwealth providing a $5 million grant, the developers contributing $5 million and TRSA committing to a $5 million short-term commercial loan to the project.

The loans provided by TRSA and the SA Government will be repaid by the residential development of the existing racecourse, development which can only commence when racing is moved to the new facility on the South East Freeway.


TRSA chair Frances Nelson QC said the Government’s announcement marked “a pivotal day for the South Australian racing industry”.

“We are going to build a modern, first-class racing facility from scratch. It’s a wonderful opportunity, and one that South Australia hasn’t seen for generations,” she said.

“It’s an indicator from the Government that the racing industry is a major employer and a significant contributor to the economy.”

Murray Bridge Racing Club chairman Reg Nolan also welcomed the announcement.

“This marks a massive achievement for the club and the town,” he said. “It’s taken many years and some people began to doubt the process but I was always confident of a positive outcome because of the transformational impact it will have on the area.”

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