The North Queensland Cowboys are a step closer to starting work on a new state-of-the-art Community, Training and High-Performance Centre with the advancement of a Northern Australia Infrastructure Facility (NAIF) loan moving to the next stage of approval.
The North Queensland Toyota Cowboys’ application to NAIF has progressed, with NAIF’s Board making an Investment Decision to approve a loan to the project.
The $20 million NAIF loan would complement the existing $15 million Federal Government grant announced in March enabling the construction of the project to commence, with the facilities to be available for the 2021 NRL season.
The proposed centre, to be located adjacent to the new North Queensland Stadium in Townsville, will combine community areas, multi-sport high-performance training spaces, sports medicine and sports science laboratories, together with the stadium and administration offices, located in between Ross Creek and Saunders Street in Townsville City.
“Funding support from NAIF is a crucial part of our business plan for our new centre, and we are grateful to NAIF for their consideration and positive response to our application,” Cowboys Chairman, Laurence Lancini, said.
“We also recognise the ongoing commitment of Prime Minister Scott Morrison, Senator Matt Canavan and Member for Herbert Phillip Thompson OAM to this project.
“Our planning has continued as each milestone has been met, to keep us on track for a completion timeline of January 2021 when we would reunite our playing and administration areas.
“The economic and social contribution of the development and operations of the centre will have a significant impact on our region, and we’re delighted to also share this positive news with our stakeholders.”