Cowboys Community, Training and High Performance Centre
NAIF’s $20 million loan to North Queensland Cowboys’ bid towards their Community, Training and High Performance Centre in Townsville will retain and attract sporting talent and inject more business and social activity into the city.
About the Project
NAIF’s loan will support the Cowboys’ Community, Training and High Performance Centre which will provide a range of wider benefits to the North Queensland community, including through:
- A sports medical and allied health service – James Cook University will host a sports science and research facility at the site, boosting its diverse array of courses on offer. Medical sports consulting and rehabilitation services will also be provided at the Centre.
- Multi-sport high performance training spaces – As well as providing high-performance training facilities for the Cowboys, the Centre will also provide access to the same facilities to the Townsville Fire Women’s National Basketball League Club (the only professional women’s sports club in Northern Australia). It will also be available to other clubs and is expected to attract touring sports teams to Townsville.
- Community spaces – The Townsville City Council will have rights to provide the facilities for general community purposes
Construction of multi-user social infrastructure comprising multi-sport high-performance training spaces, sports medicine and sports science laboratories, community spaces and will incorporate a full-sized training field and administrative offices.
Completion is targeted for the facilities to be available for the 2021 NRL season.
The Value NAIF Brings
“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”
Laurence Lancini, Cowboys Chairman.
- Respectful engagement with Gurambilbarra Wulgurukabba Traditional Owners ensuring appropriate acknowledgement of Traditional Owners in the facility itself, participation in and observance of cultural protocols and ongoing engagement.
- Commitment to a 6.6% Indigenous participation rate during construction, across employment and procurement, during operations a commitment to a 20% Indigenous employment target in the merchandise and hospitality outlets;
- Contractors to employ an Indigenous Liaison Officer; develop a preferred Indigenous business supplier register and establish two commercial relationships with Indigenous business;
- An Indigenous Economic Participation Committee will be established with Traditional Owners and key State and Federal Indigenous, employment and training agencies to support and provide advice on the delivery of the IES.
Economic Impact and Public Benefit
With its combination of community areas, training spaces, sports medicine and science labs, the centre will be a long-term asset to the region.
Independent analysis forecasts that the infrastructure funded by the NAIF loan will generate approximately $202m in economic benefits for the region over the next 30 years.
The project is expected to create 213 jobs during construction and 58 operational jobs.
A Cowboys news story about the NAIF Investment Decision can be viewed at: