Quarter horse racing coming to rescue for Mary Valley

AFTER years of circling the wagons in the Mary Valley in survival mode, the bugle has sounded all the way from the Houston Rodeo, that the cavalry is coming.

And Premier Campbell Newman hopes a $60 million quarter horse racing operation will come riding to the rescue after the former Labor Government "raided" the valley for the ill-fated Traveston Crossing dam.

Mr Newman announced in Texas, deep in cowboy country as part of his US trade tour, that his government will allow a new racing license and a heads of agreement with Australian Quarter Horse Racing Development Pty Ltd to purchase a 1600 hectare property in the Mary Valley.

"The company's development proposal for the Mary Valley includes racing facilities, a hotel, stables for 400 horses, an equestrian school and an associated residential development," Mr Newman said.

"After Labor's destruction of the Mary Valley economy through the failed Traveston Dam project, this government wants to generate new economic opportunities and jobs for the region.

"While there are still a number of milestones the company will need to achieve, this proposal has potential to transform the Mary Valley with the creation of a new multi-million dollar industry and up to 145 jobs."

Deputy Premier and Minister for State Development, Infrastructure and Planning Jeff Seeney said the project had potential to put the Mary Valley on the world racing map.

"This announcement demonstrates the potential of the Mary Valley to host new businesses that will continue to rebuild the local economy," Mr Seeney said.

"If it proceeds, this project could create a major tourist destination for the region."