Newspaper article News Mail Bundaberg Qld.

Lease Talks off Track; Owners, New Lease Holders Fail to Reach Agreement

Newspaper article News Mail Bundaberg Qld.

Lease Talks off Track; Owners, New Lease Holders Fail to Reach Agreement

Article excerpt

SHANE JONES

JOURNALIST

shane.jones@news-mail.com.au

THE future of speedway racing in Bundaberg is uncertain after a proposal to re-lease Carina Speedway failed over the weekend.

In a statement released on the Carina Speedway Supporters Facebook page last night, former lease holder Peter Basmadjian said the landowners, the Walker family through a trust, did not agree to lease the property to the prospective new lease holders from Brisbane.

The news ends three months of negotiations after racing stopped at the track in November.

Basmadjian said despite his best efforts they were not able to get the discussions over the line.

"We have worked very hard to try and get a deal together to get the track open again, including surrendering the lease as the landowner said it would speed things up,'" he said.

"The prospective new operators had been more than reasonable in their offers.

"Unfortunately the trust doesn't seem to care about the history, the people or the local businesses that have invested so much time, effort and money into rebuilding Carina back to a venue Bundaberg could be proud of. …

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